"The company's long-gestating merger with T-Mobile continued to hang over every aspect" of Sprint's Q3 results.
States opposing the merger call it "presumptively anticompetitive” but the companies say it will “create a new, world class network."
The company's second-quarter results "underline how badly Sprint needs a merger with T-Mobile.”
The deal is still being opposed by 14 states that claim it will harm "consumers, workers, and innovation."
If the states obtain an injunction before the deal is consummated, "that would bring things to a halt."
The companies agreed to expand mobile access and to divest the prepaid business Boost.
The move comes as rivals look to roll out new technology.
Veteran telecom executive Sunit Patel is expected to bring his integration expertise to T-Mobile as it combines with Sprint.
Tarek Robbiati — " a visionary leader and a pragmatic business operator" — replaces Tim Stonesifer at the HP spinoff company.
The announcement comes as T-Mobile seeks approval for its merger with Sprint.
Sprint, Daseke, PwC Public Sector, North Highland, Diamond Offshore Drilling, Merit Medical Systems, HubSpot, United Rentals, MaxLinear, Depomed
Sprint, Office Depot, Avnet, Flexsteel Industries, PDC Energy, Bon-Ton Stores, Krystal, JAKKS Pacific, Alex and Ani, CONMED
