Movement Alert|T-Mobile US Falls 3.09% in Regular Trading, $300 Billion Deutsche Telekom Merger Talks Stall Amid SpaceX Competitive Threat

Market Focus08-05 22:15

On August 5, T-Mobile US fell 3.09% in regular trading, trading at $171.76/share, with turnover of $150 million.

On the news front, T-Mobile US management formally notified its controlling shareholder Deutsche Telekom that it no longer supports the previously proposed $300 billion merger plan. Some non-controlling shareholders have also explicitly stated they would not support the deal, causing negotiations to reach an impasse.

Adding to the pressure, SpaceX announced its intent to compete directly with major U.S. telecom operators. During its first earnings call, SpaceX President Gwynne Shotwell specifically cited revenue generated by AT&T, Verizon, and T-Mobile US, declaring that Starlink would actively pursue their customer base. This triggered 1-2% pre-market declines across the telecom sector.

On the fundamental side, T-Mobile reported Q2 EPS of $2.99, beating the $2.59 consensus estimate by 15.9%, though revenue of $22.8 billion slightly missed the $22.9 billion expectation. The company raised its full-year adjusted free cash flow guidance to $18.4-$18.8 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment