Shares of telecommunications companies rose amid confusion over merger activity. Shares of T-Mobile US and Sprint failed to gain back much of their losses incurred in the wake of The Wall Street Journal's report that a planned merger between the two had foundered. Of the two, T-Mobile US "is best positioned on a standalone basis," said analysts at brokerage Nomura Securities. The failure of the merger would likely mean a return to the cellphone carrier price wars after a brief truce. "It is possible that there could be a more aggressive holiday promotion season as carriers fight even harder for iPhone switchers," the Nomura Securities analysts said.
-Rob Curran, email@example.com
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(END) Dow Jones Newswires
October 31, 2017 16:40 ET (20:40 GMT)