WASHINGTON (dpa-AFX) - Telecom stocks are seeing notable strength going into the close of trading on Friday, resulting in a 1.2 percent gain by the NYSE Arca Telecom Index. The index is on pace to end the session at its best closing level in a month.
Sprint (S) has led the sector after a report from Reuters said the wireless carrier is close to agreeing to tentative terms on a merger with T-Mobile (TMUS).
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