T-Mobile shares at all-time high on hope that Sprint deal‘s close is imminent

T-Mobile US Inc. shares notched a new all-time intraday high in Friday trading, following the company‘s better-than-expected earnings report issued the prior afternoon. Reports also indicated that the Department of Justice plans to approve the T-Mobile-Sprint Corp. merger . T-Mobile shares are trading up 2.3%, to $82.19, above their prior intraday high of $81.74, which was set on July 20, 2019. Optimism for the merger comes even as T-Mobile posted strong quarterly results on Thursday afternoon, indicating to analysts that the company . Sprint shares are up 4% in morning trading. Shares of Dish Network Corp. , which is expected to buy assets from the merging companies as a condition of deal approval, are up up 0.6%. T-Mobile shares are up 28% so far this year, as the S&P 500 has risen 20%.

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