dish network corp-a (DISH) Key Developments
Dish And T-Mobile Reported Merger Talks Stalled
Jul 17 15
T-Mobile US, Inc. (NYSE:TMUS) and Dish Network Corp. (NasdaqGS:DISH) have stalled their merger talks over price and structure. Dish Network Corp. talks to acquire T-Mobile US Inc. from Deutsche Telekom AG (DB:DTE) have stalled over concerns related to valuation and structure, people with knowledge of the matter said. The lack of momentum calls into question whether any transaction will get done this year or at all, said the people, who asked not to be identified because the information is private. Dish and Deutsche Telekom would want to iron out an agreement in the next two or three months before focusing on the auction, the people said, and the halt in talks has made that timeframe unlikely. Deutsche Telekom has told Dish what kind of offer it wants and so far Dish hasn’t met that demand. Deutsche Telekom doesn’t need to sell T-Mobile now because the business has performed well in recent quarters, the people said. There’s a chance other buyers, such as Comcast Corporation (NasdaqGS:CMCS.A), Altice S.A. (ENXTAM:ATC) and Sprint Corporation (NYSE:S) could make a bid for T-Mobile in a new U.S. presidential administration, giving Deutsche Telekom more reasons to wait on selling, the people said. A spokesman for Deutsche Telekom declined to comment on the status of any potential talks, as did a spokesman for Dish.
Dish And T-Mobile Merger Talks Stalled
Jul 16 15
T-Mobile US, Inc. (NYSE:TMUS) and Dish Network Corp. (NasdaqGS:DISH) have stalled their merger talks over price and structure.
Deutsche Telekom Reportedly Looking For Another Prospective Buyer For T-Mobile
Jun 17 15
Deutsche Telekom AG (DB:DTE) is seeking an alternative buyer for T-Mobile US, Inc. (NYSE:TMUS) or is looking to force Charlie Ergen to acquire T-Mobile, according to an article by Financial Times. According to another source, Dish Network Corp. (NasdaqGS:DISH) and T-Mobile US are at an advanced stage and a deal could be reached within a few weeks.
The Colorado Supreme Court Issues Decision on Controversial Case Between Coats and Dish Network Corporation
Jun 15 15
The Colorado Supreme Court on June 15, 2015, issued a decision on a controversial case involving off-duty, legal marijuana use and an employer's right to fire an employee for such use. In the case of Coats vs. Dish Network, the court upheld findings of two lower courts, saying that 'employees who engage in an activity such as medical marijuana use that is permitted by state law but unlawful under federal law are not protected by the statute.' Colorado's court heard arguments on the case in September. The decision was made unanimously by six justices. The seventh, Justice Monica Marquez, recused herself because her father was involved in one of the lower court rulings. Plaintiff Brandon Coats was fired by Dish Network Corp. after Dish discovered the presence of THC, the psychoactive chemical in marijuana, in his system following a random drug test. Dish has a zero-tolerance policy for controlled substances, including marijuana. Coats had obtained a medical marijuana card after he received a prescription for its use by a physician to help cope with spasms and seizures resulting from quadriplegia. Following his termination, he brought suit against Dish, arguing that he used medical marijuana on his own time and not on Dish property. Coats' attorney argued that Coats was protected under Colorado's Lawful Activities Statute, which protects employees from being punished by their employers for legal, off-duty activities. The case has been closely watched by employers and marijuana advocates as the ruling could set a precedent for how such cases are handled in the future, both in Colorado and in other states as legalized marijuana becomes more prevalent.
Verizon Not Interested In Dish Network
Jun 15 15
When asked if Verizon Communications Inc. (NYSE:VZ) had any interest in acquiring Dish Network Corp. (NasdaqGS:DISH), Fran Shammo, Chief Financial Officer of Verizon said, "My answer is going to be one word: No."