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Friday, May 3, 2013

NEWSMAKER-Tom Cullen, wireless guru behind Dish's Charlie Ergen, (NASDAQ: CHTR), (NASDAQ: DISH), (NYSE: S)

Dish Network Corp's billionaire chairman and founder, Charlie Ergen, may command all the attention when it comes to Dish's $25.5 billion bid for Sprint Nextel Corp, but behind him is a somewhat anonymous technology junkie driving Dish's wireless strategy. Tom Cullen, an executive vice president who heads corporate development, has become Ergen's closest confidante on all things wireless, with an office next to Ergen's on Dish's fourth floor, the highest rung of the building."In terms of the wireless strategy, I would argue that's really Tom's baby. That's why he's been on all these calls with Charlie. He's the one who's certainly spearheaded this effort," said a person familiar with the situation. "But everyone likes to write about the billionaire. It's just more entertaining."Cullen, 53, has been Ergen's right hand man for the past few years, since Ergen started seriously considering wireless in 2007. After Dish made $3 billion in spectrum acquisitions in 2011, Cullen headed to Washington to work with Dish's policy team to lobby the U.S. Federal Communications Commission to let Dish use its spectrum how it wanted.Cullen was first introduced to Ergen in early 2006 by Carl Vogel, a senior Dish executive with whom Cullen had worked at cable company Charter Communications. Cullen and Ergen ended up speaking for several hours about technology and consumer behavior. A year later, Cullen joined Dish.

Charter Communications, Inc. (Charter) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Shares of CHTR traded higher by 1.84% or $1.9/share to $105.03. In the past year, the shares have traded as low as $59.95 and as high as $106.98. On average, 1214330 shares of CHTR exchange hands on a given day and today's volume is recorded at 169396.

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 2.6% or $1.02/share to $40.30. In the past year, the shares have traded as low as $26.12 and as high as $40.34. On average, 3176820 shares of DISH exchange hands on a given day and today's volume is recorded at 722878.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 0.56% or $0.04/share to $7.14. In the past year, the shares have traded as low as $2.32 and as high as $7.35. On average, 65383300 shares of S exchange hands on a given day and today's volume is recorded at 10998733.



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