Sprint, T-Mobile agree to buy Google, Motorola for $2 billion
The two wireless carriers have reached an agreement to buy out Google, the Wall Street Journal reported.
Sprint, which has been in talks with Google for years, and T-Mo, which is the No. 3 mobile carrier in the U.S., announced the deal on Wednesday.
Sprint said in a statement that the deal would provide Sprint with the power to deliver better-quality, faster wireless experiences to our customers across the country.
Google announced in December that it was buying Motorola for more than $12 billion, bringing the combined company’s market value to more than about $52 billion.
The deal also gives Google the resources it needs to accelerate its plans to develop and deploy Android devices in the United States.
Google, which already owns a small amount of the wireless market in the US, is working to create a nationwide network of mobile devices, which could help its Google+ app reach more people.