Sprint Corp (NYSE:S) Shares Rise after SoftBank CEO Calls the Company His “First Priority” for Merger

Sprint Corp (NYSE:S) shares are gaining value after SoftBank’s CEO called the telecom company his “favorite” merger option. The chief executive of T-Mobile Us Inc (NYSE:PCS)’s owner company also showed optimism and confidence in the Trump administration, and said that consolidation and mergers in the telecom industry have strong chances of completion under the new administration. SoftBank’s CEO While Masayoshi Son said that Sprint Corp (NYSE:S) is his “first priority”, but he’s open to other options if they arrive.

The news is a breather for Sprint Corp (NYSE:S) stock, which was losing value after the company’s bearish fourth quarter results. In the earnings call, Sprint’s CEO Marcleo Claure didn’t show any enthusiasm about a possible merger with T-Mobile Us Inc (NYSE:PCS).

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