Why T-Mobile Stock Rose on the 5G Spectrum Results
The bids in the Federal Communications Commission's long-anticipated auction of C-band wireless spectrum for 5G are in, and the results are mixed. On the one hand, much more money was spent than even the most optimistic analysts had projected a year ago, which is great news for the taxpayers who will ultimately benefit from that money. On the other hand, the companies that acquired the spectrum are getting treated very differently on Wall Street today.
Investors seem to see the results as positive for T-Mobile US (NASDAQ: TMUS), whose stock is up a modest 2.8% at 9:50 a.m. EST Thursday, versus declines at competitors AT&T (NYSE: T) and Verizon Communications (NYSE: VZ).
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Source Fool.com
