Wireless service provider Sprint Corp and satellite television company Dish Network Corp said they will jointly develop a trial wireless service in Texas, in an apparent sign of improving relations between the companies.Dish has been seeking a partnership with an established mobile operator to help it enter the wireless market. However, its efforts earlier this year to purchase Sprint failed after a bitter public battle with Japan's SoftBank Corp, now the owner of 80 percent of Sprint.Investors have been anxious to see a concrete wireless plan from Dish and analysts see Sprint and T-Mobile US as the most likely candidates for a partnership if only Dish Chairman Charlie Ergen can reach an agreement."While the press release does not announce a huge event, the fact these two parties have come together in some sort of partnership speaks loudly given their spotted (and at times acrimonious) history," Wells Fargo analyst Jennifer Fritzsche said in a research note.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 2.61% or $1.4/share to $55.04. 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 2642652.
Shares of TMUS traded higher by 0.35% or $0.0925/share to $26.48. In the past year, the shares have traded as low as $16.01 and as high as $29.50. On average, 5338130 shares of TMUS exchange hands on a given day and today's volume is recorded at 2313685.
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