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Report: Apple, device makers behind DOJ probe of telecom collusion

Apr. 20, 2018 5:36 PM ETApple Inc. (AAPL) StockAAPL, T, VZ, TMUS, SBy: Jason Aycock, SA News Editor115 Comments
  • Apple (NASDAQ:AAPL) is the 500-pound gorilla behind a Justice Dept. probe of the big four wireless carriers that dented their stocks this afternoon, Bloomberg is saying, and multiple device makers are said to have complained about potential coordination.
  • The DOJ started an investigation into whether AT&T (NYSE:T) and Verizon (NYSE:VZ) might be colluding to thwart "eSIM" technology that eases switching from carrier to carrier, The New York Times reported, sending their stocks into a decline before they partly recovered by the close. CNBC said it learned that Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) received DOJ requests as well.
  • The probe is also looking into whether industry standards organization GSMA was part of the collusion.
  • Carriers are ticking up a bit after hours: S +0.3%; VZ +0.1%.

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