|Bid||7.20 x 3000|
|Ask||7.21 x 800|
|Day's Range||6.81 - 7.90|
|52 Week Range||5.08 - 7.90|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.24|
Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady ahead of fresh insight on the Federal Reserve policies. China accused the United States of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as the U.S. action last week against Huawei began to hit the global tech sector.
U.S. stocks slid on Monday as the White House's restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist last week, several companies have moved to suspend business with the world's largest telecom equipment maker.
The U.S. Department of Justice is leaning against approving T-Mobile US Inc's proposed takeover of Sprint Corp as the remedies proposed by the companies do not resolve antitrust concerns, Bloomberg reported ...
T-Mobile US Inc's $26 billion (20.43 billion pounds) acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission on Monday, in a big step toward the deal's approval. FCC Chairman Ajit Pai, a Republican, came out in favour of the combination after the companies offered concessions including selling Sprint's Boost Mobile prepaid cell service. Sprint shares initially surged 23.2% while T-Mobile shares rose 5.1%, but both pared gains to a rise of 14% and 2.8% respectively after a report from Bloomberg News said the Department of Justice, which also has to OK the deal, was leaning against approval.
(Reuters) - The U.S. Department of Justice is leaning against approving T-Mobile US Inc's proposed takeover of Sprint Corp as the remedies proposed by the companies do not resolve antitrust concerns, Bloomberg ...
Shares of Sprint Corp. took an afternoon dip Monday, but was still 16%, after Bloomberg reported that the Department of Justice is leaning against approving T-Mobile U.S. Inc.'s buyout of the telecommunications company. The stock had rocketed as much as 27.8% in intraday trade Monday, after the Federal Communications Commission Chairman Ajit Pai said he planned to recommend the merger, after the latest commitments made by the companies. The Bloomberg report, which cited one person familiar with the DOJ review, said the reason the DOJ was leaning against approving the merger was because the remedies proposed by the companies don't go far enough to resolve antitrust concerns. Meanwhile, T-Mobile U.S.'s stock was up 2.5%, after being up as much as 7.4% earlier. The SPDR Communications Services Select Sector ETF was down 1.7% and the S&P 500 fell 0.8%.
NEW YORK (AP) — A key federal regulator says he backs T-Mobile's $26.5 billion takeover of rival wireless carrier Sprint, a crucial step for the deal's approval.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sprint Corporation (“Sprint” or “the Company”) (NYSE: S) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
T-Mobile announced on Monday that it will divest Sprint’s Boost Mobile pay-as-you-go business as part of a series of commitments it’s making to the FCC. The company also promised to offer 5G wireless network coverage to 97% of the U.S. population – and 85% of rural America – three years after the transaction closes, and that it won’t raise plan prices at least until then.
Approval from the Justice Department antitrust division “seems likely” since it never has diverged from the FCC on a merger, said Paul Gallant, a Washington-based analyst for Cowen & Co. It’s now “almost assured” the deal will win FCC approval, Gallant said in a note. The deal announced last year to combine the third- and fourth-largest U.S. wireless service providers needs approval from both authorities to succeed.
Pivotal Research analyst Jeff Wlodarczak downgraded Dish Networks Inc. shares to hold from buy on Monday, after the Federal Communications Commission chairman came out in favor of Sprint Corp. and T-Mobile US Inc.'s proposed merger. "The likely ultimate approval of the Sprint/T-Mobile deal likely significantly pushes back the timing for a potential Dish spectrum deal materially," Wlodarczak wrote. "Recall we previously argued that a Sprint/T-Mobile deal fail could have potentially driven a Verizon/T-Mobile bidding war for Dish spectrum and while Verizon still absolutely would appear to need Dish spectrum, they appear to be under little pressure to actually enter into a deal in the short/medium term." Wlodarczak also commented on Dish's plan to acquire the Broadcast Satellite Business from EchoStar Corp. for $810 million in stock as of the deal announcement prior to the start of trading. He said that while he doesn't "love" the deal, he sees it as "likely a prudent move" given an expected delay in Dish's ability to monetize its spectrum. Dish shares are off more than 11% in morning trading. They're still up 25% so far this year, as the S&P 500 has risen 13%.
The combined company, AT&T; and Verizon would be all that remains among the major wireless companies in the domestic market.
shares surged Monday after U.S. Federal Communications Commission Chairman Ajit Pai said he would recommend approval of their $26 billion merger plans. The FCC chairman said he would agree to the tie-up, and recommend it to his colleagues, following pledges from both companies to build 5G networks around the country, while ensuring "robust" infrastructure in rural areas, and to also enhance in-home broadband offerings to its customer base. "Two of the FCC's top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity," Pai said in a statement.
T-Mobile (TMUS) and Sprint (S) plan to announce commitments to the federal government, including asset sales and rural-service guarantees, to secure regulatory approval for their $26.5 billion merger.
NEW YORK, NY / ACCESSWIRE / May 20, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...
Lawmakers in New York want to fine you for texting while you walk. The senate introduced a new bill that would make it illegal to cross the street with your eyes glued to a smartphone's screen. If ticketed, pedestrians could face fines ranging from $25 - $250 depending on the number of offenses. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel.
American companies suspend business with Huawei as Washington voices concern over National Security. Yahoo Finance's Julie Hyman, Adam Shaprio, Akiki Fujita, Brian Sozzi and Sylvia Jablonski Direxion Managing Director discuss.