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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DISH Network Corporation    DISH

DISH NETWORK CORPORATION

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FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources

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10/16/2019 | 02:16pm EST
A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration

WASHINGTON (Reuters) - T-Mobile US Inc proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.

Chairman Ajit Pai and two Republican commissioners voted to approve the deal while two Democratic commissioners voted against it, the sources said.

The text of the approval order is not expected to be released until later in the month.

The deal to combine the third and fourth largest U.S. wireless carriers, which has been fighting for government approval since April 2018, still faces a lawsuit brought by a group of state attorneys general, headed by New York.

The lawsuit against Sprint and its parent company Softbank Group Corp and T-Mobile and its parent Deutsche Telekom AG argues the deal will lead to higher prices for consumers. A trial date has been set for Dec. 9.

The U.S. Justice Department approved the deal in July.

Under the Justice Department deal, the companies would divest Sprint's prepaid businesses, including Boost Mobile, to satellite television company Dish Network Corp, and provide it with access to 20,000 cell sites and hundreds of retail locations. That deal is worth about $5 billion.

(Reporting by David Shepardson; writing by Diane Bartz; Editing by Lisa Shumaker)

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -0.18% 15.18 Delayed Quote.2.62%
DISH NETWORK CORPORATION 2.34% 36.79 Delayed Quote.47.34%
T-MOBILE US 0.15% 78.19 Delayed Quote.22.92%
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Financials (USD)
Sales 2019 12 719 M
EBIT 2019 1 794 M
Net income 2019 1 360 M
Debt 2019 11 692 M
Yield 2019 -
P/E ratio 2019 14,5x
P/E ratio 2020 18,3x
EV / Sales2019 2,35x
EV / Sales2020 2,33x
Capitalization 18 140 M
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Technical analysis trends DISH NETWORK CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 42,71  $
Last Close Price 36,79  $
Spread / Highest target 161%
Spread / Average Target 16,1%
Spread / Lowest Target -29,3%
EPS Revisions
Managers
NameTitle
W. Erik Carlson President & Chief Executive Officer
Charles William Ergen Executive Chairman
John Swieringa Chief Operating Officer & Executive Vice President
Paul W. Orban Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer & Senior Vice President
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