T-Mobile Shares Jump on Report That Sprint Is Considering Offer

Lock
This article is for subscribers only.

T-Mobile US Inc., the fourth-largest U.S. wireless carrier, jumped the most in more than a year after the Wall Street Journal reported that rival Sprint Corp. is considering a bid for the company.

The shares rose 8.6 percent to $27.64 yesterday in New York, marking the biggest one-day gain since October 2012. The stock has climbed 39 percent this year.