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Sprint shares swing wildly as regulators send mixed messages on T-Mobile merger

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Sprint shares were briefly halted Monday after the company received mixed signals from different federal agencies about its proposed merger.

Key Points

Federal Communications Commission Chairman Ajit Pai says Monday he plans to recommend the agency approve the $26.5 billion merger, The Associated Press reports earlier in the day. John Legere, chief executive officer and president of T-Mobile US Inc., left, gives two thumbs-up as Marcelo Claure, chief executive officer of Sprint Corp., listens during an interview on the floor of the New York Stock Exchange in New York, U.S., on Monday, April 30, 2018.

 

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