The top four U.S. mobile carriers expanded their control of the U.S. wireless market last year, a federal government report said on Thursday, once again finding the industry is highly concentrated as a result of continuing consolidation. The Federal Communications Commission's annual review of mobile industry competition found the two largest carriers, Verizon Communications Inc and AT&T Inc, together controlled around 70 percent of both the nationwide market share based on service revenues and the most-prized type of radio airwaves.Those two nationwide carriers, Sprint Corp and T-Mobile US Inc controlled more than 95 percent of the industry's mobile wireless service revenue, up from 91.5 percent the year before, the report said.The FCC did not draw conclusions on whether the wireless industry was effectively competitive saying that such an assessment required analysis of numerous other factors such as prices or entry conditions.The concentrated nature of the telecommunications industry has influenced the government's approach to its efforts to auction off more airwaves to wireless companies as well as potential new mergers.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 2.57% or $0.84/share to $33.51. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 23963700 shares of T exchange hands on a given day and today's volume is recorded at 37621992.
Shares of TMUS traded higher by 3.23% or $0.81/share to $25.91. In the past year, the shares have traded as low as $24.26 and as high as $35.50. On average, 5048430 shares of TMUS exchange hands on a given day and today's volume is recorded at 5891741.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 1.31% or $0.61/share to $47.05. In the past year, the shares have traded as low as $45.09 and as high as $53.66. On average, 16162300 shares of VZ exchange hands on a given day and today's volume is recorded at 22897460.
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