Democratic members of the Federal Communications Commission may be divided over how they view the possible Sprint Corp merger with T-Mobile US Inc, the Wall Street Journal reported, citing people familiar with the matter. Democratic Commissioner Jessica Rosenworcel has acknowledged that Sprint and T-Mobile may not remain viable as independent companies in meetings with people on Wall Street and in the telecom industry, the people said. (r.reuters.com/bev39v)Though Rosenworcel's sentiment about the future of the companies may indicate a schism with FCC Chairman Tom Wheeler, her comments may not necessarily translate into willingness to vote in favor of the deal, if a merger is proposed.Sprint's parent, SoftBank Corp, has been waging a 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.Both Wheeler and U.S. Justice Department antitrust chief William Baer have been skeptical about the potential merger between the No. 3 wireless provider and No. 4 rival T-Mobile.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.52% or $0.19/share to $36.39. In the past year, the shares have traded as low as $31.74 and as high as $37.62. On average, 29310200 shares of T exchange hands on a given day and today's volume is recorded at 24180476.
Shares of TMUS fell by 0.24% or $-0.08/share to $32.84. In the past year, the shares have traded as low as $19.13 and as high as $34.10. On average, 4542480 shares of TMUS exchange hands on a given day and today's volume is recorded at 3099496.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.33% or $0.16/share to $48.01. In the past year, the shares have traded as low as $45.08 and as high as $53.56. On average, 43579400 shares of VZ exchange hands on a given day and today's volume is recorded at 13875195.
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