Sprint Corp shares jumped more than 10 percent on Tuesday after its chief executive said an announcement on merger talks should come in the “near future” and the company reported a quarterly profit for the first time in three years. The No. 4 U.S. wireless carrier, majority owned by Japan’s SoftBank Group Corp, is exploring options including a merger with rival carrier T-Mobile US Inc as well as a tie-up with cable provider Charter Communications Inc. While Sprint has cut costs, analysts have said the company is highly leveraged.
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October 16, 2017