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

alison diana 8/8/2017 | 3:57:21 PM
Re: Frantic Thinking of history, I recall when Sprint first started with its whole focus on being a fiber optic company. Sad to see it on the chopping block, but hopefully an acquisition will benefit all -- the employees and customers (as well as shareholders). 
DanJones 8/8/2017 | 12:41:47 PM
Re: Frantic History is definitely repeating here....
DanJones 8/8/2017 | 12:41:03 PM
Re: Frantic T-Mobile would argue they've taken customers off the other 3 for multiple quarters. Recall they're at nearly 70M customers now.
danielcawrey 8/7/2017 | 6:55:26 PM
Re: Frantic These companies really need to merge. It doesn't do any good for them to operate separately while Verizon and AT&T continue to take a bigger piece of the pie.

Something's gotta give. 
brooks7 8/7/2017 | 12:26:11 PM
Re: Frantic Dan,

Did you steal a headline from the past and republish it?




mendyk 8/7/2017 | 12:04:16 PM
Frantic Softbank seems to be casting lines in all sorts of directions. Kind of reminds me of the Bernie Ebbers days, but on a much higher level.
Sign In