Shares of Sprint climbed higher in Tuesday trading after a report revealed that T-Mobile, who is controlled by SoftBank, may be in discussions to merge with the company again.
The Wall Street Journal report helped Sprint see gains of over 20% in trading on Tuesday while T-Mobile saw shares climb almost 7%.
Shares of Sprint were halted twice in the twenty minutes after the report came out and saw gains as high as 25%.
According to sources familiar with the matter, the wireless giants are exploring a merger again. This is the third time in four years if the news is true.
It’s been several months since the companies had their last discussions which did not pan out over disagreement on who would control the combined firm.
Disclaimer: We have no position in Sprint Corp (NYSE: S) nor T-Mobile Us Inc. (NASDAQ: TMUS) and have not been compensated for this article.