Dish Networks Falls on No Verizon Suitor, Comcast Rises on 'Jurassic World' Box Office -- Telecom Winners & Losers

NEW YORK (TheStreet) -- Dish Networks (DISH) edged lower after Verizon Communications' (VZ) chief financial officer said the carrier had no interest in a Dish buyout. Comcast (CMCSA) rose slightly as its 'Jurassic World' raked in a strong performance at the box office on its release.

Dish Networks fell 0.51% to close at $72.25.

Industry watchers have been wondering whether Verizon Communications would make a buyout play for Dish, in a move to snag its treasure trove of wireless spectrum. But Verizon's CFO Fran Shammo told The Wall Street Journal on Monday that the carrier has no interest in a Dish acquisition and that if it truly wanted more spectrum, it would have acquired more at a government auction recently held.

Verizon is currently in the process of purchasing AOL (AOL) in a $4.4 billion transaction, while Dish is reportedly in talks to acquire T-Mobile U.S. (TMUS).


Comcast inched up 0.14% to end the trading session at $58.34, on a day when the broader markets declined.

The cable company apparently got a lift as it became clear its weekend debut of its 'Jurassic World' movie was a strong box office performer. The movie set a new opening weekend record at the box office, generating more than $500 million worldwide.

It also trumped Disney's (DIS) 'Avengers: Age of Ultron' as the second-highest grossing film for an opening weekend in the U.S. The Avengers generated $207.4 million in 2012 in the U.S., while 'Jurassic World' brought in $209 million for its weekend debut.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

More from Technology

A Long-Time Tesla Bull Just Tossed in the Towel: Hot Tickers

A Long-Time Tesla Bull Just Tossed in the Towel: Hot Tickers

Hedge Funds Still Believe in Facebook: Goldman Sachs

Hedge Funds Still Believe in Facebook: Goldman Sachs

Monday Madness: Nvidia's New Chip, Alibaba's Ready to Report

Monday Madness: Nvidia's New Chip, Alibaba's Ready to Report

Semiconductor Stocks Get Nailed Monday Yet Again

Semiconductor Stocks Get Nailed Monday Yet Again

Jim Cramer on What Nike's Analyst Upgrades Mean for Foot Locker

Jim Cramer on What Nike's Analyst Upgrades Mean for Foot Locker