Wireless Tower Owners Appear Convinced Sprint (S)/T-Mobile (TMUS) will Merge

With Donald Trump's victory, two key wireless players seem convinced of a Sprint (NYSE: S)/T-Mobile (NYSE: TMUS) merger, although the market appears less sanguine.

Last week, wireless tower provider American Tower (NYSE: AMT) issued an update on its exposure regarding the possibility of a merger between Sprint and T-Mobile US. Today, SBA Communications (NASDAQ: SBAC) provided a similar update.

While it is doubtful the two have insider information on a merger, they are trying to get ahead of the curve so investors know their exposure is limited if such a scenario were to take place. They've also been around the wireless block so probably have a 'gut-feel' on a potential deal.

You May Also Be Interested In

• Hibbett (HIBB) soars 18% on deal to sell to JD Sports for $1.08 billion
• FTC Moves to Block Tapestry’s (TPR) Acquisition of Capri (CPRI)
• WeWork to sell 27% stake held in India unit via Rs 1,200 crore secondary deal - Bloomberg