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T-Mobile US shares fall 5% on SpaceX plans to enter telecommunications market

The Motley Fool +1 ·

TMUS T-Mobile US Inc
$146.54 -7.71%
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  1. 1T-Mobile US shares fell 5% as of 11:15 AM Friday.
  2. 2SpaceX intends to lease 80,000 mobile phone base stations.
  3. 3SpaceX plans to build the fourth major mobile carrier.

So what's the key point?

SpaceX is looking to lease base stations to create a new mobile carrier. Following this news, T-Mobile US shares fell 5%.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

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