Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, August 6, 2014

Dish chairman: Sprint's dropped T-Mobile bid likely increases options, (NASDAQ: DISH), (NYSE: TMUS)

Dish Network Corp Chairman Charlie Ergen said Sprint Corp's decision to drop its pursuit of rival telecommunications provider T-Mobile US Inc likely increases the options for his company, but executives have not yet discussed their plans. "A lot has happened the last 24 hours, and we really haven't had a chance to sit and discuss internally," Ergen said on a conference call with analysts on Wednesday."The Sprint announcement last night probably increased some optionality," he said.

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 3.14% or $1.95/share to $64.10. In the past year, the shares have traded as low as $43.75 and as high as $67.50. On average, 2195530 shares of DISH exchange hands on a given day and today's volume is recorded at 1840583.

Shares of TMUS fell by 7.12% or $-2.415/share to $31.50. In the past year, the shares have traded as low as $22.95 and as high as $35.50. On average, 4162600 shares of TMUS exchange hands on a given day and today's volume is recorded at 10998064.



Source