DISH Network Corp (DISH) Rushes In As Sprint Corporation (S) Backs Out Of T-Mobile US Inc (TMUS) Deal

“Just as one deal falls off the cliff, another potential suitor is there to maybe catch it,” reported Liz Claman of Fox Business in her after-hours web exclusive, Claman on Call.

“[...] We’re talking about DISH Network Corp (NASDAQ:DISH)’s chairman, Charlie Ergen, hinting today that he might be interested in buying wireless carrier T-Mobile US Inc (NYSE:TMUS). This comes on the heels of Sprint Corporation (NYSE:S) dropping out of the race for T-Mobile”, clarified Claman.

DISH Network Corp (NASDAQ:DISH)

DISH Network Corp (NASDAQ:DISH)’s CEO has been fond of Sprint Corporation (NYSE:S) itself and was entirely convinced of its potential to do much more to improve the wireless industry. In fact, he tried his hand at acquiring Sprint last year, but lost to the Japanese wireless carrier Softbank Corp. He seemed impressed by Sprint Corporation (NYSE:S)’s wireless spectrum and had plans to test a small scale wireless broadband project with it.

If there’s one thing that DISH Network Corp (NASDAQ:DISH) had in surplus, it was foresight. The American satellite service provider seems to have accumulated a vast spectrum over the years and is planning to put it to good use. With dwindling pay-TV subscribers, Ergen believed that the future is in wireless media to cater to the smartphone wielding millennial.

With the spectrum auctions to start on September 12th, DISH Network Corp (NASDAQ:DISH) can be expected to make a formal announcement anytime soon. Now that Sprint Corporation (NYSE:S) is no longer in the race, Dish is reported to have renewed interest in this matter. Analysts say that T-Mobile US Inc (NYSE:TMUS)’s expertise in the wireless technology combined with DISH Network Corp (NASDAQ:DISH)’s ’s spectrum availability is a sure shot winning combo.


Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!