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Fly News Breaks for May 20, 2019
May 20, 2019 | 11:16 EDT
As previously reported, Pivotal Research analyst Jeffrey Wlodarczak downgraded Dish (DISH) to Hold from Buy as it appears that the Sprint (S)/T-Mobile (TMUS) deal will clear regulatory hurdles and given the 22.9M share equity deal with sister company EchoStar (SATS). The likely ultimate approval of the Sprint/T-Mobile deal likely "significantly pushes back the timing" for a potential Dish spectrum deal materially, he contends.
News For DISH;SATS;S;TMUS From the Last 2 Days
Jun 18, 2019 | 16:15 EDT
Stocks jumped to within 1% of an all-time high after President Donald Trump tweeted this morning that he spoke by phone with Chinese President Xi Jinping and plans more "extensive" talks during the Group of 20 meeting next week.  The tweet helped... To see the rest of the story go to See Story Here
Jun 18, 2019 | 13:14 EDT
Dish (DISH) is in talks to pay at least $6B for assets that T-Mobile US (TMUS) and Sprint (S) are selling in order to obtain regulatory approval for their merger, Bloomberg reports, citing people familiar with the matter. Dish could announce a deal as soon as this week for assets including wireless spectrum and Sprint's Boost Mobile brand, sources told Bloomberg. Shares of Dish are up 95c to $39.94 following the report. Citi analyst Jason Bazinet this morning opened a "Catalyst Watch" on Dish shares saying an acquisition like the one reported now by Bloomberg would be positive for the stock.
Jun 18, 2019 | 07:16 EDT
Citi analyst Jason Bazinet opened a "Catalyst Watch" on Dish (DISH) saying the company may reach some type of agreement with Sprint (S) and T-Mobile (TMUS) to help facilitate the two firms' merger. This development, if it happens, is apt to be a positive for Dish shares for three reasons, Bazinet tells investors in a research note. Such a deal would reduce the likelihood that the Federal Communications Commission repossesses Dish's spectrum, would reduce the company's liquidity risk, and "may lay the groundwork" for Dish to ultimately transition from a holder of spectrum to a true operating business, the analyst contends. He keeps a Buy rating on Dish shares.