Sprint shares fall 9% on reports of failed T-Mobile merger

 Sprint-owner SoftBank Group may be getting cold feet when it comes to the proposed T-Mobile U.S. merger. Sprint shares fell 9 percent following a report from the Nikkei that Softbank might be backing off from a potential agreement; T-Mobile shares fell 5 percent. According to the report, SoftBank is expected to approach Deutsche Telekom, the owner of T-Mobile as soon as Tuesday… Read More

from TechCrunch http://ift.tt/2zRQzsM
via IFTTT