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

  • ‘Project Lakes’ succeeded after ‘Project Nations’ fell apart
  • Bankers working on the deal made as much as $150 million

T-Mobile and Sprint Finally Merges

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Last month, a $26.5 billion deal called “Project Lakes” rocked the telecom industry.

Never heard of it? Don’t feel bad. Project Lakes was the secret code name for T-Mobile US Inc.’s deal to take control of Sprint Corp.