Why Sprint (S) and T-Mobile (TMUS) Stocks Are Up Today

NEW YORK (TheStreet) -- Sprint  (S) rose Thursday amid a report that the Federal Communications Commission could relax its position on a possible merger with T-Mobile  (TMUS).

The Wall Street Journal reported Democratic FCC commissioner Jessica Rosenworcel has said privately the two mobile carriers may not stay viable without a tie-up. This could hint that the FCC might not be as uniformly opposed to a potential merger of the two companies as previously thought.

Sprint was up 1.11% to $9.09 at 10:52 a.m., while T-Mobile was up 1.74% to $33.41.

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