Sprint Plunges as AT&T’s Deal Seen Leaving It Weaker No. 3

Sprint Plunges as AT&T’s Deal Seen Leaving It Weaker No. 3

Ramin Talaie/Bloomberg

Sprint Nextel Corp. slumped as much as 15 percent in early trading after AT&T Inc. agreed to buy T-Mobile USA from Deutsche Telekom AG, trumping Sprint’s effort to acquire the business.