12/3, 7:37 PM (Source: TeleTrader)
more TeleTrader news

T-Mobile, Sprint discuss merger deal repricing - report

T-Mobile and Sprint are actively discussing repricing of their $26.5 billion merger deal amid the latter's recent financial troubles, Fox Business' Charles Gasparino reported on Tuesday. The report comes weeks after the two companies obtained a merger approval from the Federal Communications Commission, following a series of setbacks over the summer.

According to Gasparino's sources, the discussions were prompted by the fact that Sprint's shares have over the past month dropped over 10%, while its latest earnings report revealed loss per share of $0.03 on attributable net loss of $111 million.

T-Mobile added 0.03% at 1:37 pm ET, while Sprint's shares lost 1.57% at the same time.

Breaking the News / GG