Telecommunications stocks were the market's best performers on Tuesday, Sept. 19, as reports of deal talks between T-Mobile US Inc. (TMUS) - Get Free Report and Sprint Corp. (S) - Get Free Report triggered a rally.
The reportedly serious talks would be the latest in a years-long courtship. According to CNBC sources, T-Mobile parent company Deutsche Telecom (DTEGY) would emerge as the majority owner if the United States' third- and fourth-largest mobile carriers did complete a stock-for-stock merger.
Sprint shares surged more than 6%, while T-Mobile added nearly 5%.
Other telecoms were on the rise, too, including AT&T Inc. (T) - Get Free Report , Verizon Communications Inc. (VZ) - Get Free Report , Vodafone Group PLC (VOD) - Get Free Report , and Telefonica S.A. (TEF) - Get Free Report . The iShares Dow Jones U.S. Telecom ETF (IYZ) - Get Free Report added more than 1%.
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