mr. claure. >> thank you. it's an honor to be here today. i'm incredibly excited about a sprint's proposed merger with t-mobile. i will tell you why this merger is good for american consumers, sprint employers and the next entrepreneurs. after i graduated college, i brought a cell phone shop in boston and grew into a leader of cellular phones. two years later i started a cell phone distribution center called bright star. it grew into a $10 billion company and became the leader in the wireless industry. i'm proud to say that bright star also became the largest business in u.s. history. i later sold bright star and joined sprint. as you're aware, sprint has faced a lot of challenges in recent years. the company has lost over $25 billion in the last ten years. i was hired in 2014 to reverse that trajectory and turn around sprint. and i could not be more proud of what our sprint team has accomplished in making sprint a stable company for the first time in many years. we're able to achieve this mainly by significant cost reductions. however, many