Deals
Sprint Jumps on Report Deutsche Telekom Favors T-Mobile Merger
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Sprint Corp. shares reversed losses after German newspaper Handelsblatt reported that T-Mobile US Inc.’s parent company favors a merger of the two American wireless providers.
Deutsche Telekom AG, which controls T-Mobile, aims to maintain control of the combined company after an all-stock deal with Sprint, according to Handelsblatt, which cited sources close to the German company’s management committee and board.