Dish Network Corp's offer for Sprint Nextel Corp holds the promise of upending U.S. mobile video services, further stoking the deal frenzy among telecommunication companies and pay-TV providers. Charlie Ergen, the colorful chairman of Dish who orchestrated the surprise counter-bid on Monday, said that by marrying the No. 2 satellite TV carrier with the No. 3 mobile services provider, the combined company would be able to offer consumers more."Obviously (the deal) would be unique in being able to offer video more robustly than the competition in part because of our broadcast spectrum. We have twice as much spectrum as anyone else," Ergen said in an interview with Reuters.Dish on Monday outlined the benefits of the deal, including a quad-play package: customers would have access to a bundled subscription of video, data and Internet services in, as well as outside, the home.The move is designed to capitalize on the growing popularity of smartphones and tablets, which depend on wireless carriers and Internet providers and are increasingly used to check social media sites like Twitter and Facebook, watch TV shows and YouTube videos, or read newspapers, magazines or books.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 2.29% or $-0.86/share to $36.77. In the past year, the shares have traded as low as $26.12 and as high as $38.44. On average, 2558490 shares of DISH exchange hands on a given day and today's volume is recorded at 19997352.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 13.5% or $0.84/share to $7.06. In the past year, the shares have traded as low as $2.30 and as high as $6.27. On average, 44624500 shares of S exchange hands on a given day and today's volume is recorded at 440478880.
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