NEW YORK (TheStreet) -- Shares of T-Mobile US (TMUS) are declining by 1.06% to $38.24 in Thursday's afternoon trading session on talks that the FCC will side with Verizon (VZ) and AT&T (T) and reject its request that more airwaves be set aside for smaller carriers like itself during a government auction next year, Reuters reported.
T-Mobile also wants FCC to further limit how much spectrum carriers like Verizon and AT&T can buy in the auction, the publication said.
"FCC will do the right thing by consumers in this auction and make sure AT&T and Verizon don't further consolidate their control over wireless access to the Internet," Andy Levin, T-Mobile's senior VP of government affairs, said in a statement to Reuters.
The upcoming auction in 2016 will give participants their first chance since 2008 to buy low-frequency airwaves, the publication added.
Separately, TheStreet Ratings team rates T-MOBILE US INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate T-MOBILE US INC (TMUS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."