NEW YORK (TheStreet) -- Comcast (CMCSA) jumped Wednesday as reports surfaced the cable company is not interested in a T-Mobile (TMUS) buyout. AT&T (T) edged higher as the carrier vowed to fight a $100 million fine levied by the Federal Communications Commission.
Comcast climbed 1.3% to close at $59.62.
The cable company reportedly is not interested in snapping up T-Mobile, although there was talk that it was exploring a potential buyout and holding discussions with T-Mobile's parent company Deutsche Telekom AG, according to a Reuters report.
Although Deutsche Telekom considered Comcast as one of the financially strongest potential buyers for T-Mobile, the Reuters report noted such buyout talks between the two companies were not underway.
AT&T inched up 0.37% to end the session at $34.80.
The telecom giant was hit with a record $100 million fine by the Federal Communications Commission Wednesday for allegedly misleading customers into signing up for "unlimited data" service only to have their Internet speeds slowed if it reached a certain level, according to an Associated Press report.
AT&T says it plans to "vigorously dispute" the fine. AT&T in a statement said that the FCC allowed this practice as a legitimate way for carriers to manage network resources for the benefit of all customers and had known for years that all major carriers used this method.