Dish Network Corp. Chairman Charlie Ergen recently contacted DirecTV Chief Executive Officer Mike White to discuss a merger of the two satellite television companies, according to several people with knowledge of the matter. Shares of both companies rose.
Deutsche Telekom AG’s T-Mobile USA agreed to sell the rights to operate 7,200 cellular towers to Crown Castle International Corp. for $2.4 billion, providing cash to invest in the carrier’s U.S. wireless network.
Time Warner Cable Inc., the second- largest U.S. cable-television provider, gained the most since April 2009 after reporting quarterly profit that beat analysts’ estimates and announcing a $4 billion share buyback plan.
AT&T Inc. may have fended off failure temporarily for its proposed $39 billion purchase of T-Mobile USA Inc. after a federal judge agreed to put on hold a government challenge to the biggest merger announced this year.