T-Mobile U.S. Inc. said Wednesday its board has approved a stock buyback program of up to $1.5 billion through Dec. 31, 2018. The company said its majority shareholder, Deutsche Telekom AG , is considering plans to buy additional T-Mobile shares, which would likely take place through Dec. 31, 2018. Shares were not yet active premarket, but have gained 6% in 2017, while the S&P 500 has gained 17%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News