A plan reportedly crafted by Trump administration officials suggests the government would build a 5G network and lease capacity to telecoms. If accurate, the plan would have major implications for multiple industries.
Shares of Sprint are hitting new 52-week lows while T-Mobile stock is dropping after the two officially wave the white flag on a merger.
Shares of the company have only been traded for a few months.
A stormy session in store?
The two companies will be added to the S&P 500 next week.