Sprint, T-Mobile restore merger talks

T-Mobile CEO John Legere, Sprint CEO Marcelo Claure

The WSJ said that this round of negotiations is still in the preliminary phase, so it's not clear if either party's position has changed yet.

Indeed, according to a recent report from Cowen, T-Mobile's merger plan with Sprint past year involved shutting down around 30% of Sprint's cell sites and then deploying Sprint's 2.5 GHz spectrum nationwide. But that's no longer the case, with T-Mobile taking a firm lead over Sprint. It's possible that they could fail to reach an agreement.

Shares of Sprint closed off their intraday high but still up more than 17 percent at $6.02, giving the company a market capitalisation of $25 billion, after the Wall Street Journal first reported on the new talks.

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T-Mobile and Sprint, the No. 3 and No. 4 US wireless companies behind Verizon and AT&T, have been talking about merging, off and on, for several years. He also thought that he would be able to merge the weaker Sprint with the much stronger T-Mobile, and walk away with control of the merged company. Stock of Bellevue-based T-Mobile rose 5.8 percent to $63.23 after climbing 8.1 percent in the biggest intraday gain since October 2016. However, the news is noteworthy considering the two companies have tried to merge several times over the course of the past several years. Japan's SoftBank owns nearly 85 percent of Sprint, while T-Mobile is controlled by Germany's Deutsche Telekom. T-Mobile, which has become the most innovative and fastest growing wireless operator in the states under the leadership of president and CEO John Legere, was said to be interested in Sprint's hoard of high-frequency 2.5GHz spectrum. Regulators blocked the deal saying that the two combined companies would dominate the media industry, providing less to consumers.

"I have a very healthy scepticism".

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