It depends on whom you ask as Wall Streeters look for hidden meaning in a letter that AT&T sent to the FCC late last week. The issue at hand is excruciatingly technical: Regulators are considering whether to grant Dish additional time to provide broadband services on some spectrum it wants to buy. Without a waiver, Dish would have to serve 100M people within three years. AT&T urged regulators to reject Dish’s plea, saying that the public would benefit from the fast build-out while a delay would “confer a substantial windfall on Dish.” What’s interesting is the possible subtext. Credit Suisse’s Stefan Anninger sees the letter as a clear sign that AT&T is salivating over Dish’s spectrum following the collapse of the phone giant’s merger plan with T-Mobile. If the government imposes tough build out requirements on the satellite company then it “could increase Dish’s interest in selling/dealing its spectrum,” he says. He believes that AT&T is interested in “increasing its negotiating leverage when it comes to a potential transaction negotiation with Dish.” But Breen Murray Carret analyst Todd Mitchell says the letter is “a clear indication that an AT&T acquisition of Dish is not in the cards in the immediate future.” The way he sees it, AT&T wouldn’t make such a hostile move if it really wanted to deal with chairman Charlie Ergen, who controls the vast majority of his company’s voting shares. That’s why AT&T’s letter “looks more like a hail-Mary, sour-grapes effort to stop Dish from using the spectrum altogether,” Mitchell says. Dish shares were up 2.8% today while AT&T was up 0.6%.
Did AT&T Just Show That It Wants To Buy Dish Network?
What's Hot on Deadline
'Captain America: Civil War' To Break Out In The U.S.; Looks To Defeat 'Ultron's $191M+ Debut - Box Office Preview
Daisy Ridley & Naomi Watts In Final Talks To Star In 'Ophelia'; Covert Media Aboard New Take On 'Hamlet' - Cannes
Latest TV News
- Seth MacFarlane To Create & Star In Fox Sci-Fi Dramedy Series For 2017-18 Season
- TV Producer Ian Sander Dies At 68
- Laverne Cox Joins ‘Megyn Kelly Presents’
- ‘Saturday Night Live’ To Close Out Season With Drake & Fred Armisen As Hosts
- Donald Trump Declares Open Season On Hillary Clinton As John Kasich Quits Race – Update
- OWN Co-President Sheri Salata Exits, Erik Logan Becomes Sole President