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Why T-Mobile (TMUS) Is Up Today

NEW YORK (TheStreet) -- Softbank CEO Masayoshi Son is making the rounds in Washington today, indirectly making his case for a long-rumored merger with T-Mobile (TMUS - Get Report).

Softbank owns 80% of Sprint (S).

Son has promised a price war if the merger is allowed to go through.

T-Mobile has experienced a resurrection of sorts after waging its own price war against the top three U.S. mobile carriers by offering low-cost no contract plans to its customers and even offering a deal to pay contract termination fees for consumers who want to switch to T-Mobile service plans.

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These moves have prompted industry leader AT&T (T - Get Report) to respond by abandoning its premium pricing strategy in favor of low-cost no-contract plans similar to T-Mobile's.

Son insists that the only way to increase competition in the U.S. market, and therefore lower prices, is by allowing third-place Sprint to merge with fourth-place T-Mobile in an effort to place more competitive bids at broadband spectrum auctions

T-Mobile was up 2.8% in afternoon trading to $31.83.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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S $3.44 -0.86%
TMUS $39.25 0.38%
T $38.74 -0.36%
AAPL $93.24 -0.41%
FB $117.81 -0.21%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

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