It seems like we’ve been saying this for years, but it finally looks like we are on the cusp of seeing a merger between T-Mobile (TMUS Quick QuoteTMUS - Free Report) and Sprint (S Quick QuoteS - Free Report) . America’s third and fourth-largest wireless carriers have publicly desired to close the gap between themselves and their competition, and now, it seems that all parties involved are nearly on the same page.

According to the latest round of rumors, T-Mobile parent Deutsche Telekom (DTEGY Quick QuoteDTEGY - Free Report) and Sprint majority owner Softbank (SFTBY Quick QuoteSFTBY - Free Report) are in “active talks” related to a merger (also read: T-Mobile and Sprint Shares Pop on Renewed Merger Chatter).

The deal would narrow the U.S. wireless carrier field to just three major players, and in the fast-moving telecom industry, it will likely have severe ramifications for worldwide operations.

But what exactly would a combined T-Mobile/Sprint look like? Check out our exclusive infographic for all the key facts:

As we can see, T-Mobile and Sprint are on the brink of creating a powerhouse that is poised to compete in the next generation of wireless carrier operations. A massive debt pile could be a concern, but new operational synergies will likely result in a #3 that is within striking distance of AT&T (T Quick QuoteT - Free Report) and Verizon (VZ Quick QuoteVZ - Free Report) .

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>