AT&T and Verizon shares rise on Deutsche Telekom/T-Mobile merger rumor

Investing.com -- Shares of AT&T and Verizon experienced price and volume spikes on Tuesday following a Bloomberg report that Deutsche Telekom is considering a full combination with T-Mobile US.

According to the report, the potential deal would create a single, simplified corporate group that controls the operations of Deutsche Telekom and T-Mobile.

Both AT&T and Verizon shares spiked roughly 1% higher following the news before giving back some of the gains.

You May Also Be Interested In

• Correction: Kepler Cheuvreux Upgrades Siemens AG (SIE:GR) (SIEGY) to Hold
• BNP Paribas Exane Upgrades Novonesis A/S (NSISB:DC) to Neutral
• ​Trump said he was unaware of his earnings from crypto