Spotlight: Could Dish be looking to buy T-Mobile?
Having lost out on its bid to acquire Sprint (NYSE: S) and/or Clearwire (NASDAQ: CLWR), Dish Networks (NASDAQ: DISH) might be looking to buy T-Mobile, Bloomberg is reporting. Dish raised the white flag last week, giving up its bids to acquire Sprint and Clearwire after shareholders of each company chose the alternative bidder. It appears that irrepressible Dish Chairman Charlie Ergen wants to take on the battle to acquire T-Mobile now that T-Mobile has purchased MetroPCS. "If Charlie does want to go into wireless and he's hell-bent on doing it, it certainly looks like T-Mobile is the only option left on a national scale," Chris King, a Baltimore-based analyst at Stifel, told the newswire in a telephone interview. Read more