NEW YORK (TheStreet) -- Wireless carrier T-Mobile (TMUS) requested a change in rules regarding next year's airwaves auction that would favor it and other smaller companies, it seems however that T-Mobile's request will be rejected by the FCC, Bloomberg reports.
Tom Wheeler, the chairman of the Federal Communications Commission is said to be going to recommend that the FCC deny T-Mobile's request, sources told Bloomberg.
"It's not over yet. We have a long way to go. The public conversation on the future of the mobile Internet continues. The five FCC commissioners still need to make their decision," a T-Mobile spokesperson told Bloomberg.
Shares of T-Mobile are down by 0.15% to $39.71 at the start of trading on Thursday morning.
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 some important positives, 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 solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."