Competition is the "watchword" when the U.S. telecom regulator reviews any industry proposals, the Federal Communications Commission's chairman said on Wednesday, addressing claims that Sprint Corp and T-Mobile US Inc would fail without a merger.Sprint's parent, SoftBank Corp, and its outspoken chief executive, Masayoshi Son, have been waging an aggressive campaign to promote consolidation in the U.S. wireless sector while seeking to purchase T-Mobile. Investors are closely watching for a possible merger, and how it might affect the two larger carriers, Verizon Communications Inc and AT&T Inc.In an April 10 research note, New Street Research analysts said Sprint and T-Mobile "are not both independently viable," citing a shortage of revenue to cover fixed costs.FCC Chairman Tom Wheeler said "one of the interesting things I've learned on various sides of this dais is that there is always research that says, 'Well, here's this' or 'This could happen.'"
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 3.78% or $-1.37/share to $34.92. In the past year, the shares have traded as low as $31.74 and as high as $37.97. On average, 31884500 shares of T exchange hands on a given day and today's volume is recorded at 59638692.
Shares of TMUS fell by 3.81% or $-1.18/share to $29.81. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 5227470 shares of TMUS exchange hands on a given day and today's volume is recorded at 4159154.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ fell by 1.02% or $-0.49/share to $47.43. In the past year, the shares have traded as low as $45.08 and as high as $54.31. On average, 43510700 shares of VZ exchange hands on a given day and today's volume is recorded at 38239712.
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