After seven years, John Legere will be "handing the magenta CEO reigns" to T-Mobile's current president and COO, Mike Sievert.
The Department of Justice has approved the deal to combine T-Mobile and Sprint into one, united carrier under the T-Mobile name.
T-Mobile and Sprint have pushed back the July 29th deadline for their $26 billion merger as negotiations continue to bubble over DISH assets and how the merger will affect competition.
It looks like the US cellular carriers are bowing out of the mobile payments war. Google just announced it has struck a deal with Verizon, AT&T, and T-Mobile to purchase "some exciting technology and intellectual property" from Softcard, the carriers' mobile payments initiative. The three carriers have also agreed to preinstall Google Wallet on their Android phones.
Between now and April 9, T-Mobile subscribers can walk into a Sprint store and immediately receive at least $200 in credit for any working smartphone if they switch to Sprint's network, the company announced Friday. Sprint has fired a shot over competitor T-Mobile's bow.