Turning to the streaming sector, Spotify Technology SA lost ground this week following a downgrade on the stock from Evercore ISI analyst Kevin Rippey. T-Mobile stock closed June 27 at $73.29 a share, down 5.95% from the June 21 close Sprint shares dropped 10.95% over the same period, closing June 27 at $6.59. "What I'm hearing is not so much difficulty created by, but by Deutsche Telekom and in turn, T-Mobile, in terms of not really wanting to give that much," CNBC anchor and analyst David Faber said during a June 26 episode of "Squawk on the Street."Įven if the new conditions satisfy Deutsche Telekom and the DOJ, it remains unclear whether they will be adequate for a group of state attorneys general that recently filed suit to block the combination, Faber added.Īttorneys general from a number of states filed a complaint this month in New York federal court alleging that an approved T-Mobile/Sprint merger would reduce competition and drive up prices for wireless services. T-Mobile's parent company, however, could be holding up that process.
DISH is considered the front runner to acquire any divested assets. The DOJ is reportedly expected to allow the deal but require the two carriers to sell wireless spectrum and Sprint's Boost Mobile prepaid brand, among other assets, to create a new wireless competitor. has reportedly been gearing up for a multibillion-dollar purchase of assets from T-Mobile and Sprint in order to satisfy regulatory requirements set forth by the U.S. drove shares of both wireless players downward for the first four days of trading in the week ended June 28.ĬNBC reported this week that regulatory approval of the T-Mobile/Sprint merger may be delayed due to reluctance on the part of T-Mobile-parent company Deutsche Telekom AG to accept some of the concessions tied to the combination. Fresh chatter regarding the pending tie-up between T-Mobile US Inc.
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