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Of course T-Mobile (TMUS) - Get T-Mobile US Inc. Report and Sprint (S) - Get SentinelOne Inc. Class A Report have reportedly restarted merger talks, joining forces to take on Verizon (VZ) - Get Verizon Communications Inc. Report and AT&T (T) - Get AT&T Inc. Report makes perfect sense.

"Nothing ends, right," T-Mobile CEO John Legere exclusively told TheStreet several weeks ago when asked (watch below) if deal talks between the two telecom giants would resume.

Legere went onto explain the logic behind getting a deal done.

"Rumors of talks between us and Sprint were driven by the fact this is a scale industry. There is massive capital needed for 5G technology deployment and then we said all content is going to the internet and all internet is going mobile which is making access players, cable players, content players and wireless players figure out to do what consumers want. Customers want you [industry] to get your act together and do whatever you have to do because I want to pick my phone up and see what I want, when I want it. That will drive all those potential ideas of consolidation, they're all going to happen."

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TheStreet's Chris Nolter reports that when deal speculation last sparked in September, Craig Moffett of MoffettNathanson LLC observed in a Wednesday note, T-Mobile's share price was 8 times Sprint's. Shareholders of the wireless telecoms were "irate" after reports that they could merge at market valuations, the analyst noted.

The current spread favors T-Mobile, and before the latest merger news broke on Tuesday, the multiple was nearly 12 times. "That's certainly going to be more palatable to T-Mobile's owners than the exchange ratio last year, but is it enough?" Moffett asked.

Moreover, Wells Fargo Securities LLC analyst Jennifer Fritzsche suggested in a Tuesday note, Sprint's bullish talk about investing in its network may have given T-Mobile more reason to act.

Last fall, T-Mobile said the savings and other benefits from combining the carriers could reach $40 billion.

To read Nolter's full analysis, head to TheStreet's sister publication The Deal here

-Scott Gamm and Chris Nolter contributed to this story.