PALO ALTO, U.S./TOKYO -- Sprint on Sunday announced a multiyear strategic partnership with cable TV operator Altice USA, as the fourth-ranked U.S. wireless carrier strives to reshape its struggling business. Japan's SoftBank Group, Sprint's parent, also plans to raise its stake in a show of commitment.
The moves amount to Plan B for Sprint, after negotiations on a merger with rival T-Mobile fizzled.
