Sprint shares jump on cable wireless talks, T-Mobile sinks
Sprint Corp shares jumped as much as 6 percenton Tuesdayon news the carrier is in talks with Charter Communications Inc and Comcast Corp about a wireless partnership, a move that adds a new dimension to speculation about possible telecom sector tie-ups. Sprint will put merger talks with T-Mobile US Inc on hold as it enters a two-month period of exclusive negotiations over the possible deal with Charter and Comcast, sources told Reuters.(Reuters)
Sprint Corp shares jumped as much as 6 percenton Tuesdayon news the carrier is in talks with Charter Communications Inc and Comcast Corp about a wireless partnership, a move that adds a new dimension to speculation about possible telecom sector tie-ups. Sprint will put merger talks with T-Mobile US Inc on hold as it enters a two-month period of exclusive negotiations over the possible deal with Charter and Comcast, sources told Reuters.(Reuters)