NEW YORK (TheStreet) -- Shares of Sprint (S) are trading lower by 4.21% to $4.55 on reports that T-Mobile (TMUS) and Dish Network (DISH) are merging. Last year, Sprint's merger talks with T-Mobile fell apart, The Wall Street Journal reports.
Sprint's talks fell apart after federal regulators signaled they would block the deal. U.S. regulators intend on preserving the four major nationwide cellular carriers, the Journal noted.
However, Sprint could make a new bid for T-Mobile, and T-Mobile may be interested if there was a change in regulators' stance, Citigroup analyst Michael Rollins said, according to the Journal.
While merging with T-Mobile may be a possibility, DISH has another option: sell to Verizon (VZ), the Journal noted.S data by YCharts