Japan's SoftBank Corp is in talks to acquire U.S. wireless carrier T-Mobile US Inc and is discussing funding for a deal with financial institutions, sources close to the matter said on Wednesday.SoftBank is looking to have its recently acquired U.S. unit Sprint Corp take a majority stake in T-Mobile from the latter's parent Deutsche Telekom AG in the financial year starting April, one of the sources added.The deal, which media reports have said would be valued at about $20 billion - in line with the $21.6 billion SoftBank paid for Sprint this summer, would help the Tokyo-based company leapfrog U.S. rivals Verizon and AT&T Inc to become the world's No.2 mobile carrier by revenue.It would also bring SoftBank CEO Masayoshi Son closer to his ambition of building the world's biggest mobile Internet company - if he can overcome U.S. regulators' expected concerns about competition issues.
Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI traded higher by 2.22% or $0.54/share to $24.81. In the past year, the shares have traded as low as $17.92 and as high as $26.38. On average, 27605 shares of FISI exchange hands on a given day and today's volume is recorded at 5382.
AT&T Inc. (AT&T) is a holding company and a provider of telecommunications services in the United States and worldwide. Shares of T traded higher by 0.75% or $0.26/share to $34.95. In the past year, the shares have traded as low as $32.76 and as high as $39.00. On average, 23604400 shares of T exchange hands on a given day and today's volume is recorded at 7960023.
Shares of TMUS traded higher by 1.04% or $0.33/share to $32.19. In the past year, the shares have traded as low as $16.01 and as high as $32.42. On average, 6085860 shares of TMUS exchange hands on a given day and today's volume is recorded at 4442756.
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