The following podcast contains explicit language.

Hello and welcome to the leapfrogging edition of sleep money, your guide to the business and finance news of the week.

I'm Felix Salmon, and I am sat next to a man who has brought along a Moffat-Nathanson research report on T-Mobile Sprint.

My friends.

So Anna Schmansky, welcome.

Hello.

And Yinka, introduce yourself and explain what you're reading here.

Oh, well, thank you.

Yinka, I'm from Quartz.

I'm an editor there.

I normally cover Africa and developing markets, but today I'm here to talk about T-Mobile and Sprint.

We are. We're going to talk about T-Mobile and Sprint. We're going to talk about Apple, which has announced a hundred billion dollar stock buyback.

We are going to talk remittances, which is basically when you pay someone money and they are in a

different country, which is much harder than it should be for various good reasons. But Yenka,

since you have the printed out research report in front of you, maybe you can tell us,

there was a lot of headlines this week about the third and fourth largest cell phone providers in America wanting to merge.

What is going on?

So this is Sprint number four, T-Mobile, USA.

I have to be clear that it's T-Mobile USA, not T-Mobile in Europe.

So if T-Mobile USA merges with Sprint, that creates an American company which is different from the T-Mobile, which I see when I roam in Europe.

Right, right, which is a German company, as we know.

So T-Mobile, the T-Mobile stands for

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