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Sprint, T-Mobile pare losses as CNBC contradicts merger pullout

Published 10/30/2017, 02:07 PM
© Reuters.  Sprint, T-Mobile pare losses as CNBC contradicts merger pullout
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  • Another jump for Sprint (S -7.3%) and T-Mobile (TMUS -3.6%) -- this time paring their worst session losses -- as CNBC's David Faber reports a source saying SoftBank (SFTBY -2.7%) isn't planning to withdraw from merger talks as soon as tomorrow, as previously reported.
  • SoftBank and T-Mobile parent Deutsche Telekom (DE:DTEGn) (DTEGY -2.2%) are struggling over governance and pricing issues, Faber reports, but he's contradicting Nikkei's take that SoftBank is pulling out entirely.
  • SoftBank has bounced off U.S. session lows on the news as well.
  • Previously: Telecom stocks roiled by report of Sprint/T-Mobile deal breakdown (Oct. 30 2017)
  • Previously: Sprint, T-Mobile slide on report SoftBank is killing merger talk (Oct. 30 2017)
  • Now read: Verizon: A Bear Case That's Better Than Cash For Long-Term Investors


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