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Tuesday, December 17, 2013

Sprint, Dish to test wireless broadband service in Texas, (NASDAQ: DISH)

Wireless service provider Sprint Corp and satellite television company Dish Network Corp said on Tuesday they would jointly develop a fixed wireless broadband service on a trial basis in Texas using Sprint's wireless airwaves.The agreement appeared to be a sign of thawing relations between the two after Dish tried to purchase Sprint earlier this year but was beaten by Japan's SoftBank Corp, which owns 80 percent of Sprint after a bitter battle.Dish, which has spent about $3 billion on wireless airwaves and is looking to buy more, has made no secret of seeking either a partnership or an acquisition of an existing mobile provider to help it enter the wireless market.Sprint, for its part, has long said that it would be open to network sharing partnerships with other companies, including Dish.

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 0.84% or $0.45/share to $54.09. In the past year, the shares have traded as low as $33.79 and as high as $55.37. On average, 2518460 shares of DISH exchange hands on a given day and today's volume is recorded at 323602.