🔴 T-Mobile is trading 5% down in after-hours trading as FCC approval raises Starlink competition concerns

T-Mobile is trading at $162.00 (-5.43%) in after-hours trading amid concerns that FCC approval could make Starlink Mobile a more direct competitor.

• The FCC approved SpaceX to operate 15,000 Starlink Mobile satellites, including a waiver allowing service without a terrestrial carrier agreement.
• T-Mobile also removed Starlink references from its T-Satellite consumer branding.
• Broader risk-off sentiment and elevated yields may add pressure; supplied index moves were smaller than T-Mobile’s after-hours decline.