Friday bloom on T-Mobile US, Inc. (NASDAQ:TMUS) [Trend Analysis], stock slightly down around -0.53% in early session as its gaining volume of 509570. T-Mobile (TMUS) declared that its merger talks could begin as soon as April, CEO John Legere suggested on a call with analysts and investors Tuesday.
Wireless providers are locked into a quiet period barring executives from discussing potential mergers during the Federal Communications Commission’s wireless spectrum auction, which sells off access to the radio waves carrying signals from cell towers to cell phones. The auction is expected to conclude March 30.
“Nobody is talking right now,” Legere said. “I’ve got news for you. I couldn’t be more excited about the period that’s going to come up when this auction is over.” Federal regulators blocked an AT&T takeover in 2012 and a $32 billion bid from Sprint in 2014, but President Donald Trump’s FCC Is expected to be more open to a T-Mobile (NASDAQ- TMUS) takeover. The FCC earlier this month shelved an investigation into T-Mobile’s Binge On program.
Sprint owner SoftBank is the most likely suitor, but Comcast (NASDAQ- CMCSA) is another potential candidate. Dish Network could be involved in a T-Mobile deal, based on a 2017 prediction blog post by Legere that said the company would “no longer be a standalone entity.”
The stock showed weekly upbeat performance of -2.63%, which maintained for the month at 3.32%. Similarly, the positive performance for the quarter recorded as 13.37% and for the year was 65.47%, while the YTD performance remained at 5.39%. TMUS has Average True Range for 14 days of 1.57.
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