At Mobile World Congress Americas, US telecom provider Sprint and Ericsson unveiled the results of the first US 2.5GHz Massive MIMO (multiple input, multiple output) field tests conducted in Seattle, Washington and Plano, Texas using Sprint's spectrum and Ericsson's 64T64R (64 transmit, 64 receive) radios.

As they say, the third time is a charm! T-Mobile and Sprint tell us they have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share. Based on closing share prices on April 27, this represents a total implied enterprise value of approximately $59 billion for Sprint and approximately $146 billion for the combined company. The new company will have a strong closing balance sheet and a fully funded business plan with a strong foundation of secured investment grade debt at close.