SpaceQuartzabout 1 hour ago
T-Mobile Stock Plummets 13.27% on SpaceX Deal
1 min read
T-Mobile stock fell 13.27% on Friday, marking its worst single-day decline since 2013. Competitors AT&T and Verizon shares also dropped sharply to 9.81% and 8.75% respectively. The crash followed SpaceX's announcement to acquire a nationwide 800 MHz spectrum portfolio from Grain Management, raising fears of a fourth major U.S. mobile carrier entering the market.
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