Sprint Corp said on Wednesday it would not take part in an upcoming government auction of so-called H-Block airwaves, potentially leaving the field clear for Dish Network Corp to purchase the spectrum.Sprint announced the decision a day after No. 4 U.S. mobile provider T-Mobile US Inc, said it too had decided against participating in the auction, which is slated to take place in January.While Sprint already bought a huge amount of spectrum in July through its take over of Clearwire Corp, analysts had still expected Sprint to bid for the H-Block spectrum because it is adjacent to other Sprint spectrum holdings. The U.S. government had set a Nov. 15 deadline for applications for the auction.Shares in satellite TV provider Dish rose 1.6 percent to $51.19 on Nasdaq after the news. Its shares had traded above $50 for the first time since 2000 on Tuesday after its earnings report.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 1.79% or $0.9/share to $51.25. In the past year, the shares have traded as low as $33.79 and as high as $50.40. On average, 2244120 shares of DISH exchange hands on a given day and today's volume is recorded at 2334982.
Shares of TMUS fell by 0.38% or $-0.1/share to $25.99. In the past year, the shares have traded as low as $16.01 and as high as $29.50. On average, 2877150 shares of TMUS exchange hands on a given day and today's volume is recorded at 2094156.
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