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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 - Free Report) and Sprint (S - 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 - Free Report) and Sprint majority owner Softbank 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 - Free Report) and Verizon (VZ - Free Report) .

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

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