Why Sprint (S) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Sprint  (S) rose 1.9% to $5.88 after the U.S. wireless carrier announced it would add 15 new rural and regional wireless providers to its U.S. roaming program.

The additions could help Sprint grow its network in a cheap way as it jockeys for position among other national carriers. The addition lets Sprint and its smaller partners take advantage of each other's networks for roaming. Twenty-seven carriers that cover 565,000 square miles and more than 38 million people have now signed roaming agreements with Sprint.

The 27 partnerships could save Sprint approximately $1.9 billion in new cell phone towers and other infrastructure expenses that would be required to deliver 4G coverage to new areas, according to Reuters.

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More than 35.8 million shares had changed hands as of 3:27 p.m., compared to the average volume of 19,988,800.

S Chart S data by YCharts

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