Will the $1.9B AT&T (T), Verizon (VZ) Spectrum Deal Lead to DISH, Sprint (S) Partnership?
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Price: $36.75 +0.03%
Overall Analyst Rating:
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Revenue Growth %: -1.4%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.8%
Revenue Growth %: -1.4%
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Earlier in the session, AT&T (NYSE: T) announced a deal to acquire about $1.9 billion of 700-MHz B band spectrum from Verizon Wireless (NYSE: VZ) (NYSE: VOD). The spectrum covers about 18 states, according to the release.
Moving lower today following the announcement are Sprint (NYSE: S) and Clearwire (Nasdaq: CLWR). DISH Networks (Nasdaq: DISH), however, is moving higher on the session. DISH had previously tried to form a wireless relationship with Sprint and was working to convert some of its own spectrum to usable wireless band. DISH also submitted a $3.30 per share bid for Clearwire earlier in January, shortly after Sprint put in a $2.97 per share bid.
Given that Sprint is a majority holder of Clearwire, it's not clear what DISH's bid will accomplish. However, today's development might push the two into some sort of deal, maybe a partnership of sorts.
Sprint is down 0.4 percent, DISH is up 2 percent, and Clearwire is down 0.2 percent, and Verizon and AT&T are both higher.
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Moving lower today following the announcement are Sprint (NYSE: S) and Clearwire (Nasdaq: CLWR). DISH Networks (Nasdaq: DISH), however, is moving higher on the session. DISH had previously tried to form a wireless relationship with Sprint and was working to convert some of its own spectrum to usable wireless band. DISH also submitted a $3.30 per share bid for Clearwire earlier in January, shortly after Sprint put in a $2.97 per share bid.
Given that Sprint is a majority holder of Clearwire, it's not clear what DISH's bid will accomplish. However, today's development might push the two into some sort of deal, maybe a partnership of sorts.
Sprint is down 0.4 percent, DISH is up 2 percent, and Clearwire is down 0.2 percent, and Verizon and AT&T are both higher.
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