Verizon Communications, majority owner of the biggest U.S. mobile service, is not interested in buying spectrum from Dish Network and does not plan to make big acquisitions, its top executive said on Tuesday.While investors have been speculating that Dish Chairman Charlie Ergen could make a lot of money if he sells the company's wireless spectrum holdings to big U.S. mobile operators, Verizon Chief Executive Lowell McAdam told Reuters at an investor conference that his company would not be a buyer.McAdam also told the audience at the UBS Annual Global Media and Communications Conference that his company is not planning any acquisitions as big as its recent purchases of Terremark and Hughes Telematics.Verizon bought enterprise service provider Terremark last year for $1.4 billion and completed its purchase of Hughes for $612 million in July. It could do more deals in the software space but these would be smaller transactions, McAdam said.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 1.12% or $0.41/share to $36.99. In the past year, the shares have traded as low as $24.89 and as high as $37.22. On average, 2766610 shares of DISH exchange hands on a given day and today's volume is recorded at 1006417.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ fell by 0.27% or $-0.12/share to $43.98. In the past year, the shares have traded as low as $36.80 and as high as $48.77. On average, 13846100 shares of VZ exchange hands on a given day and today's volume is recorded at 3464082.
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