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Wednesday, August 6, 2014

U.S. FCC chief lauds end of potential Sprint/T-Mobile merger, (NYSE: TMUS)

U.S. Federal Communications Commission Chairman Tom Wheeler on Wednesday said maintaining four large U.S. wireless carriers was "good for American consumers" after news that two of them, Sprint Corp and T-Mobile US, were abandoning plans for a merger. Sprint "now has an opportunity to focus their efforts on robust competition," Wheeler said in a brief statement.

Shares of TMUS fell by 8.11% or $-2.75/share to $31.16. In the past year, the shares have traded as low as $22.95 and as high as $35.50. On average, 4162600 shares of TMUS exchange hands on a given day and today's volume is recorded at 3634507.