This isn't anywhere near set in stone. However, both Sprint and T-Mobile executives have made comments about "talks" and this is news enough.
The question isn't really what the talks might lead to, a possible merger, but how it affects the industry and consumers at large.
T-Mobile and Sprint are the nation's third and fourth largest carriers. A merger between these two could change competition among the big four carriers so even informal talks can be something that could affect your cell phone bill.
What this means for you
Competition is great for consumers with carriers trying to hook us all with the best unlimited plans and other options. A merger between two giants could weaken this need for competition. And while we don't suspect they'd alienate any tried and true customers with higher prices, Sprint and T-Mobile might not have a need to lower them, either.
If a merger happens, it's important as consumers that we stay aware of cell phone plan options. While the big four carriers set the pace, you still have options to take your money to MVNOs instead of signing up with a larger, more expensive carrier.
Thinking about switching? Remember to compare cell phone plans here before going with a carrier who only meets some of your needs.