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How T-Mobile and Sprint Kept Their Blockbuster Deal a Secret

Nabila Ahmed, Scott Moritz
How T-Mobile and Sprint Kept Their Blockbuster Deal a Secret

Last month, a $26.5 billion deal called “Project Lakes” rocked the telecom industry. Project Lakes was the secret code name for T-Mobile US Inc.’s deal to take control of Sprint Corp. Each company had an alias as well: Diamond’s Tahoe (Deutsche Telekom AG’s T-Mobile US) finally agreed to merge with Seneca-owned Salt (SoftBank Group Corp.’s Sprint) after years of on-again, off-again interest.