T-Mobile US Inc is buying wireless airwave licenses from Verizon Wireless to improve its high-speed network in a $3.3 billion deal and said it hopes to follow up with more spectrum purchases.Shares in T-Mobile, majority owned by Deutsche Telekom , rose 2.5 percent on Monday after the company said it will pay Verizon Wireless $2.365 billion cash and give it $950 million worth of spectrum.Demand for wireless airwaves has risen sharply as U.S. operators scramble to boost their networks to support increasing consumer Web surfing and video use on cellphones. While the government is planning airwave auctions, spectrum demand may also drive further consolidation involving airwave owners such as Satellite TV provider Dish Network.T-Mobile, the No. 4 U.S. mobile provider, has been using discounts to compete with bigger rivals, but it badly needs more airwaves after falling behind bigger rivals AT&T Inc and Verizon Wireless in developing high-speed data services.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 0.52% or $0.3/share to $58.10. In the past year, the shares have traded as low as $33.79 and as high as $58.30. On average, 2324450 shares of DISH exchange hands on a given day and today's volume is recorded at 1186623.
AT&T Inc. (AT&T) is a holding company and a provider of telecommunications services in the United States and worldwide. Shares of T traded higher by 0.43% or $0.15/share to $34.95. In the past year, the shares have traded as low as $32.76 and as high as $39.00. On average, 23530500 shares of T exchange hands on a given day and today's volume is recorded at 11581036.
Shares of TMUS traded higher by 2.51% or $0.81/share to $33.09. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 6491650 shares of TMUS exchange hands on a given day and today's volume is recorded at 4793836.
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