, Columnist
Wait, Sprint and T-Mobile Haven't Merged Yet?
The wireless carriers are reportedly in deal talks yet again. They just need to get together already.
This article is for subscribers only.
Sprint Corp. is back to losing money, deal talks with T-Mobile US Inc. are back on, and all is normal in the wireless world again.
That was the first line of a column I wrote in October; less than six short months later, it rings true anew. The two wireless carriers have reportedly rekindled discussions, and even though investors have been through this before, more than once, and have been burned when no deal materialized, that didn't stop them from buying up both stocks when the news broke on Tuesday afternoon. Sprint, in particular, surged 17 percent on the news, pulling up its shares from a more than 20-month low.