|Bid||64.31 x 200|
|Ask||64.33 x 200|
|Day's Range||64.14 - 64.91|
|52 Week Range||48.51 - 66.50|
|PE Ratio (TTM)||21.73|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years battling to prove Clearwire was vastly underpriced. Sprint Corp acquired Clearwire in 2013 after a bidding war with Dish Network Corp pushed the price to $5 per share, valuing Clearwire at about $14 billion. After Clearwire shareholders approved the deal, an affiliate of Aurelius that had opposed the Sprint acquisition brought what is known as an appraisal action, asking a judge to determine fair value of the stock.
Rating Action: Moody's affirms Hughes' B1 CFR; outlook now positive. Global Credit Research- 20 Jul 2017. Approximately $3.4 billion of rated debt instruments affected.
T-Mobile US Inc's quarterly results topped analysts' estimates as the No. 3 U.S. wireless carrier on Wednesday reported record low customer attrition and said it was considering a quarterly dividend. T-Mobile has been gaining share from larger competitors AT&T Inc and Verizon Communications Inc in a saturated U.S. wireless market through network improvements and lower prices. The company had said it was open to considering various strategic options and has acknowledged interest in talking with rival Sprint Corp about a merger.