Sprint Corp. on Thursday said it’s reached a new multi-year business partnership with Cox Communications, as part of a settlement of patent litigation, designed to strengthen both companies. Shares of Sprint were up a little more than 1% in premarket trade. In addition to strengthening business ties between the two, the partnership will allow Sprint to leverage Cox’s broadband infrastructure to accelerate the densification of Sprint’s network, while also increasing efficiency, the company said in a release. Sprint hopes that it can enhance performance and improve customer experience. Sprint shares have declined more than 37% in the last 12 months, while the S&P 500 index is up more than 23% and the Dow Jones Industrial Average is up nearly 34%.
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