Top 10 ETFs With Largest Sprint, T-Mobile Exposure | ETF Trends

T-Mobile US, Inc. and Sprint today announced that after receiving a favorable decision in Federal Court in New York the companies are now taking final steps to complete their merger to create the New T-Mobile.

In a decision issued a short time ago, the Court stated that, “T-Mobile has redefined itself over the past decade as a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes. The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.”

ETFs With Most Sprint (S) Exposure

First Trust Utilities AlphaDEX Fund (FXU) – 3.52% allocation

SPDR S&P Telecom ETF (XTL) – 2.93% allocation

iShares U.S. Telecommunications ETF (IYZ) – 1.02% allocation

ProShares Ultra Telecommunications (LTL) – 0.77% allocation

John Hancock Multifactor Media and Communications ETF (JHCS) – 0.62% allocation

As of 11 am EST Tuesday, FXU was trading up 3.34%, XTL was up 0.11%, IYZ was up 1.22%, LTL was up 4.7% and JHCS was up 1.3%.

ETFs With Most T-Mobile (TMUS) Exposure

Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) – 4.93% allocation

iShares U.S. Telecommunications ETF (IYZ) – 4.85% allocation

First Trust Utilities AlphaDEX Fund (FXU) – 4.06% allocation

Invesco Dynamic Market ETF (PWC) – 3.85% allocation

ProShares Ultra Telecommunications (LTL) – 3.6% allocation

As of 11 am EST Tuesday, EWCO was trading up 1.17%, IYZ was up 1.22%, FXU was up 3.34%, PWC was up 1.13% and LTL was up 4.7%.

John Legere, Chief Executive Officer of T-Mobile, said today was a huge victory for this merger.

“Now we are FINALLY able to focus on the last steps to get this merger done,” Legere said. “We want to thank the Court for its thorough review of the facts we presented in our case. We’ve said it all along: the New T-Mobile will be a supercharged Un-carrier that is great for consumers and great for competition. The broad and deep 5G network that only our combined companies will be able to bring to life is going to change wireless … and beyond. Look out Dumb and Dumber and Big Cable – we are coming for you … and you haven’t seen anything yet!”

Sprint Executive Chairman Marcelo Claure said Judge Marrero’s decision validates its view that this merger is in the best interests of the U.S. economy and American consumers.

“Today brings us a big step closer to creating a combined company that will provide nationwide 5G, lower costs, and a high-performing network that will invigorate competition to the benefit of all mobile wireless and in-home broadband consumers,” Claure said. “With the support of federal regulators and now this Court, we will focus on quickly completing the few remaining necessary steps to close this transaction. I am proud of my Sprint team’s dedication, passion and resilience throughout the merger review process, and we are ready to make the vision of a New T-Mobile a reality.”

The T-Mobile and Sprint combination remains subject to certain closing conditions, including possible additional court proceedings, and satisfactory resolution of outstanding business issues among the parties.

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