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Thursday, January 29, 2015

U.S. FCC spectrum auction ends, raises record $44.9 bln, (NASDAQ: DISH), (NYSE: T), (NYSE: TMUS), (NYSE: VZ)

The U.S. Federal Communications Commission raised a record-breaking $44.9 billion in the auction of so-called AWS-3 airwaves that closed on Thursday, far surpassing the expectations of experts and industry analysts.The regulators will disclose the winners of the auctioned spectrum licenses in the coming days. Major bidders included wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc as well as satellite TV provider Dish Network Corp.The auction, which began on Nov. 13, soared past the reserve price of $10.1 billion in the first week of bidding and boosted the share price of Dish to an all-time high as investors watched for the auction to crystallize the value of the company's spectrum holdings.The auction result reflects the wireless carriers' urgency to satisfy the growing consumer demand for streaming video and other data-guzzling applications.

DISH Network Corporation, is a pay-television (TV) provider, with approximately 14. Shares of DISH traded higher by 1.26% or $0.9/share to $72.43. In the past year, the shares have traded as low as $54.31 and as high as $79.57. On average, 2206560 shares of DISH exchange hands on a given day and today's volume is recorded at 920674.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.01% or $-0.0044/share to $32.68. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 24389500 shares of T exchange hands on a given day and today's volume is recorded at 12819017.

Shares of TMUS fell by 1.76% or $-0.53/share to $29.56. In the past year, the shares have traded as low as $24.26 and as high as $35.50. On average, 4849520 shares of TMUS exchange hands on a given day and today's volume is recorded at 2579143.

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ fell by 0.97% or $-0.4445/share to $45.61. In the past year, the shares have traded as low as $45.09 and as high as $53.66. On average, 16640700 shares of VZ exchange hands on a given day and today's volume is recorded at 9576434.



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