The shares of AT&T Inc. popped on Monday, hitting their highest value since June 2021, following reports about a potential merger between EchoStar Corporation's Dish Network and the former's DirecTV.
It was previously reported by Reuters that the two are currently in the early stages of negotiations. The media outlet mentioned that combined, the two could possibly hit 20 million subscribers. In other news, AT&T announced a day earlier that it reached two tentative agreements with the Communications Workers of America (CWA), adding that the multi-week strikes in Southeast have come to an end.
The company's stock jumped 3.07% at 3:33 pm ET, going for $22.31 apiece.
