NY Post: Verizon Wireless Looking To Buy Dish Network’s Spectrum
the New York Post reported, citing sources familiar with the matter, that Verizon Communications Inc unit Verizon Wireless is looking to buy satellite-TV operator Dish Network Corp’s spectrum to improve wireless internet speeds. Dish’s shares were up 3.4 percent at $61.81 on the Nasdaq on Friday morning. Verizon Communications shares were little changed at $49.39. The two companies have held informal, early talks about the spectrum, the report said. In May, Verizon Communications Chief Executive Lowell McAdam shot down rumors that the company was in potential merger talks with Dish. Federal Communications Commission Chairman Tom Wheeler has proposed restrictions on how much the biggest wireless carriers can bid for in a major auction of TV spectrum scheduled for mid-2015.
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