T-Mobile (TMUS) Seen as Target as Comcast (CMCSA) Readies Wireless Ambtions

September 21, 2016 1:07 PM EDT

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T-Mobile (NASDAQ: TMUS) is modestly higher Wednesday (+2.2%) on renewed takeover speculation after Comcast (NASDAQ: CMCSA) CEO Brian Roberts acknowledged for the first time Tuesday that the company has plans to offer an MVNO-based wireless service in mid-2017.

This has speculators thinking that Comcast could further its plans by acquiring T-Mobile, which has long been rumored a takeover target. In fact in June of 2015, reports surfaced overseas that Comcast was interested in acquiring T-Mobile, although a deal never materialized.

A WSJ 'Heard on the Street' column overnight added to the speculation. The report stated: "Owning T-Mobile would let Comcast benefit from this momentum and give it instant access to a nationwide wireless network."

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