Connect with us

Business

T-Mobile US Stock Rises After Report of Talks With Dish

Published

on

An Oct. 19, 2012, file photo is of a T-Mobile store  in New York.  The Federal Trad Commission  Tuesday July 1, 2014, is alleging that T-Mobile USA, Inc., made "hundreds of millions" of dollars off its customers through bogus charges. (AP Photo/Mark Lennihan, file)

An Oct. 19, 2012, file photo is of a T-Mobile store in New York. The Federal Trad Commission Tuesday July 1, 2014, is alleging that T-Mobile USA, Inc., made “hundreds of millions” of dollars off its customers through bogus charges. (AP Photo/Mark Lennihan, file)

 

(Bloomberg) – T-Mobile US Inc. shares surged as much as 6.4 percent after a report that the fourth-largest U.S. wireless company is in talks to merge with Dish Network Corp.

The purchase price is unresolved, the Wall Street Journal reported, citing people familiar with the negotiations. John Legere, T-Mobile US’s chief executive officer, would take the top role at the combined company, and Dish’s Charlie Ergen would be chairman, according to the report.

Ergen has said as recently as February that he is interested in deals and intrigued by T-Mobile. A combination of Dish and T-Mobile could advance Ergen’s plan for streaming mobile video to challenge cable companies and employ a vast airwave holding to compete in wireless service against the two largest carriers, Verizon Communications Inc. and AT&T Inc.

“Dish investors have seen this movie before,” said Paul Sweeney, an analyst with Bloomberg Intelligence. “Charlie is very disciplined and if he does not get the exact terms he wants, he will walk away.”

READ MORE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of April 23 – 29, 2025

The printed Weekly Edition of the Oakland Post: Week of April 23 – 29, 2025

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of April 16 – 22, 2025

The printed Weekly Edition of the Oakland Post: Week of April 16 – 22, 2025

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of April 9 – 15, 2025

The printed Weekly Edition of the Oakland Post: Week of April 9 – 15, 2025

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.