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Here's Why Telecom Infrastructure Stocks Surged on Tuesday

TheMotleyFool

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Here's Why Telecom Infrastructure Stocks Surged on TuesdayPhoto, wide shot, wide-angle lens, Mobile phone network, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/828b91fb-678a-4621-906b-21e972059e7d.png

Many stocks in the telecom infrastructure sector jumped on Tuesday, following the news that a federal judge has cleared the $26 billion merger between Sprint (NYSE: S) and T-Mobile US (NASDAQ: TMUS). That market reaction might seem counterproductive at first glance, because the tower and back-end networking businesses are watching two of their largest customers boiling down to a single entity -- fewer clients should equal lower sales, right?

But the reaction actually does make sense. Here's how.

The heavy hitters behind the scenes of America's mobile networks all made significant gains on Tuesday:

Source Fool.com

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