T-Mobile US Inc is hedging its bets by offering to purchase spectrum from smaller rivals in case the takeover by Sprint Corp falls through, the New York Post reported, citing a source familiar with the situation. The company has proposed to several carriers offering to buy their so-called low-band spectrum - the key to urban markets like New York City because it penetrates buildings better than the high-band variety, the newspaper reported. (bit.ly/1yhdZ5N)T-Mobile has been at a competitive disadvantage as it does not own low-band spectrum and it needs to act independently irrespective of a merger, the report said, citing a source.T-Mobile could not be immediately reached for comment outside regular U.S. business hours.SoftBank Corp which last year acquired Sprint, the No.3 U.S. mobile provider, has been eager to combine Sprint with No.4 T-Mobile, arguing that together they would give dominant players AT&T Inc and Verizon more of a run for their money.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.11% or $0.04/share to $35.02. In the past year, the shares have traded as low as $31.74 and as high as $36.86. On average, 27482600 shares of T exchange hands on a given day and today's volume is recorded at 17311600.
Shares of TMUS traded higher by 0.3% or $0.1/share to $33.06. In the past year, the shares have traded as low as $21.60 and as high as $35.50. On average, 4344000 shares of TMUS exchange hands on a given day and today's volume is recorded at 1496859.
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