- American Tower (NYSE:AMT) is up 2.8%;
- SBA Communications (NASDAQ:SBAC) up 2.4%;
- Crown Castle (NYSE:CCI) up 2.8%.
- T-Mobile (TMUS) down 5.3%
- Sprint (S) down 9.3%
SoftBank Group Corp., will reportedly call off negotiations to merge its subsidiary, Sprint Corp., with T-Mobile U.S., according to Nikkei Asian Review, a Japanese financial news agency. It said that SoftBank may approach T-Mobile’s parent company, Deutsche Telekom as early as tomorrow, to end the deal.
Inside Towers reported on October 13, that the merger was unlikely, citing a Reuters article that said the Department of Justice would “likely recommend putting a stop to any further plans” due to anti-trust regulations blocking its path. Continue Reading