Economy

Mobile and Sprint are reportedly talking about a merger… again

Mobile and Sprint are reportedly talking about a merger… again”

Shares of T-Mobile were up more than 3%, and shares of other mobile carriers also saw a bump, with Verizon Communication Inc. shares up almost 3% and AT&T Inc. shares up close to 2%.

Talks between Sprint and other companies about a merger have been intermittent for years, with no success.

Shares of Sprint Corp. gained more than 8% during intraday trade on Tuesday after a CNBC report reignited speculation that the mobile company is in talks to merge with T-Mobile US Inc.

In the potential deal, according to CNBC, it would be a stock-for-stock combination with Deutsche Telekom (OTCQX:DTEGY) emerging as the majority owner over SoftBank (OTCPK:SFTBY).

However, the report also notes that T-Mobile isn't quite ready to absorb Sprint, and isn't far enough along in the legal or logistical aspects of a proposed merger to even say whether or not it's possible. CEO Time Hoettges also said earlier this year that "purely theoretically, we can see several advantages to consolidation and convergence", in the USA market. "The strong position we have established for ourselves gives us the time and space to evaluate all options together with colleagues in the U.S".



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