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.

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