T-Mobile and Sprint are soaring after a report says they've resumed merger talks

Graham Rapier

Apr 10, 2018, 22:35 IST

Shares of Sprint surged more than 17% Tuesday following a report that it had once again resumed merger talks with competing carrier T-Mobile, which was up 7%
The Wall Street Journal first reported the rekindled talks, citing "people familiar with the matter." The discussions are still in their preliminary stage, and it is unclear on what terms either side is approaching the bargaining table.
Merger discussions have been on-and-off for years between the two companies, and most recently fell through in November 2017.
Any potential merger will be complicated by Japanese firm SoftBank's majority ownership of Sprint. T-Mobile is controlled by Germany's Deutsche Telekom.
You can track Sprint's stock price in real-time here - and follow T-Mobile here.