Sprint Resumes Prelim Merger Talks With T-Mobile – Report
Sprint has reportedly resumed merger talks with T-Mobile, while continuing previous discussions with cable companies, as the operator hopes to hit the finish line in its M&A saga.
Sprint Corp. (NYSE: S) and T-Mobile US Inc. have restarted discussions after "an exclusive negotiating period" with Charter Communications Inc. and Comcast Corp. (Nasdaq: CMCSA, CMCSK) "expired at the end of July," Bloomberg reports, citing sources familiar with the situation. (See DT Wants Majority Stake in T-Mobile-Sprint Merger Report and Charter Rebuffs Sprint, Still a SoftBank Target?)
Sprint CEO Marcello Claure said last week that an announcement on a long-anticipated merger would be "coming soon." He stressed that the operator still has options. (See Sprint's CEO Expects M&A-Related Announcement 'Soon'.)
Sprint shares are up 0.17% at $8.72 in Monday morning trading. T-Mobile is barely up 0.02% at $64.53.
— Dan Jones, Mobile Editor, Light Reading