div > div.group > p:first-child"> Here's where some of the major telecom stocks stood as of about 1:30 p.m. in New York:
The dip among telecom companies may be due to reports of potential setbacks in Sprint and T-Mobile's merger approval process. On Thursday, Bloomberg reported that Sprint has privately told regulators that it will not be able to compete effectively in the market if the merger is blocked. Its argument has been met with skepticism from regulators, according to Bloomberg.
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