Dish Network Corp's chairman, Charlie Ergen, recently contacted Deutsche Telekom AG to express interest in acquiring the German company's unit, T-Mobile US Inc, Bloomberg reported, citing people with knowledge of the matter. Ergen has not made a formal offer or hired any bank to advise it on the potential deal, the report said.Dish has told Deutsche Telekom, which owns about two-thirds of T-Mobile, that it may be interested in a deal after a November auction for wireless airwaves is completed, the report added. (bloom.bg/1uoZ1YB)Deutsche Telekom views potential offers valuing T-Mobile at $35 a share as being substantially too low, Reuters reported last week, countering a Bloomberg report.Earlier in August, Sprint Corp dropped its bid to acquire T-Mobile in the face of continuing regulatory resistance despite months of lobbying.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 0.91% or $0.6/share to $66.44. In the past year, the shares have traded as low as $43.75 and as high as $67.50. On average, 1629290 shares of DISH exchange hands on a given day and today's volume is recorded at 1248800.
Shares of TMUS traded higher by 1.42% or $0.43/share to $30.67. In the past year, the shares have traded as low as $24.47 and as high as $35.50. On average, 4596870 shares of TMUS exchange hands on a given day and today's volume is recorded at 7523669.
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