Big telecom deals to watch
Wall Street expects a frenzy of telecom deals after the FCC's ban on merger talks lifts this evening, with analysts banking on discussions between Sprint and T-Mobile to pick up again.
Why the floodgates are opening: Telecom companies weren't allowed to enter M&A discussions during the FCC's spectrum auction, which recently ended. "There's a huge pent up energy because it's been over a year since people can have these conversations," said T-Mobile CEO John Legere in the company's earnings call this week. And the Trump Administration is seen as being more friendly to industry consolidation than Obama's antitrust enforcers had been.