Why T-Mobile Stock Gained 13.9% Last Month
Shares of T-Mobile US (NASDAQ: TMUS) rose 13.9% in February, according to data from S&P Global Market Intelligence. The North American cell network operator cleared the last major hurdle on the way to completing a merger with smaller rival Sprint (NYSE: S).
U.S. District Court Judge Victor Marrero ruled against a lawsuit filed by several state attorneys in a bid to stop the $28 billion merger. The suit argued that the deal would reduce competition and raise prices in the American telecom sector, but Marrero disagreed. The proposed deal "is not reasonably likely to substantially lessen competition" in the wireless markets, he said, arguing further that Sprint probably wouldn't last long as a fourth nationwide competitor without this merger, and that DISH Network (NASDAQ: DISH) should be able to become that fourth major competitor when Sprint and T-Mobile offload their prepaid wireless services to the satellite broadcasting veteran.
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Source Fool.com
