Tag: t-mobile sprint merger

Yesterday, Pennsylvania joined other states in a lawsuit to block the $26.0 billion T-Mobile–Sprint merger. It is the 18th state trying the stop the deal.

According to Makan Delrahim, the T-Mobile and Sprint merger would increase competition in the wireless market and benefit consumers.

Sprint (S) stock fell about 0.88% on Tuesday and closed the trading day at $6.78. It was trading 15.88% below the 52-week high of $8.06.

Last week, Illinois joined 15 other states in efforts to stop T-Mobile and Sprint from merging. Let's take a look at how Dish could benefit.

Currently, T-Mobile (TMUS) stock is trading at 19.75x analysts' fiscal 2019 EPS estimate of $4.01, and 16.50x their fiscal 2020 estimate of $4.80.

On Tuesday, AT&T announced the appointment of John Stankey as its president and COO—a new position. AT&T stock rose 0.3% and closed at $35.38 on the day.

T-Mobile has paused some of its 5G network deployment efforts amid its pending Sprint merger. The stock fell 1.2% on Tuesday and closed at $77.13.

Sprint (S) stock fell 9.7% in August and closed at $6.79. However, Sprint rose 0.7% in the last five trading days of August and is up 16.7% year-to-date.

T-Mobile (TMUS) stock fell 4.0% in August and closed at $78.05. The stock rose 2.1% in the last five trading days of August.

T-Mobile is now offering subscribers a free Whopper sandwich. The wireless carrier has partnered with Burger King to reward customers.