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Sprint Nears Six-Month High as T-Mobile Merger Speculation Grows

  • T-Mobile owner Deutsche Telekom also climbs on Friday
  • Fresh talks come five months after previous attempt failed
Updated on

Sprint Corp. neared a six-month high Friday on renewed speculation that T-Mobile US Inc. and its deep-pocketed German owners will clinch a deal to merge with the carrier.

Sprint gained as much as 10 percent to $6.62, its highest price since Nov. 3, after Reuters reported that a transaction agreement may come next week. The two companies have been making progress in negotiating previously contentious terms, according to the news service, which cited unnamed people familiar with the situation.