Sprint (S) Stock Declines Amid Merger Talks Between T-Mobile, Dish Network

NEW YORK (TheStreet) -- Sprint (S) shares are down 0.45% to $4.44 in afternoon trading on Friday as a potential merger between Dish Network (DISH) and T-Mobile (TMUS) put pressure on the stock today, according to Reuters.

T-Mobile and Dish Network are currently engaged in the early stages of merger negotiations, according to multiple sources, whcih would increase T-Mobile's profile in the telecommunications industry.

"If Dish buys T-Mobile they'll become a lot stronger, their spectrum portfolio will double and they will have a real competitive edge against the rest of the industry," Reuters quoted New Street Research analyst Spencer Kurn as saying.

Last year Sprint unsuccessfully attempted to merge with T-Mobile in a deal that would have combined the third and fourth largest telecom companies in the U.S.

S Chart S data by YCharts

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