Dish Network (DISH) Is An Winner from AT&T/T-Mobile Deal Termination
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Price: $36.94 -0.75%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.8%
Revenue Growth %: -1.4%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.8%
Revenue Growth %: -1.4%
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There are numerous "winners" from AT&T's (NYSE: T) dropped bid for T-Mobile. Among them are Sprint (NYSE: S) and the tower operators like SBA Communications (Nasdaq: SBAC), American Tower Corp. (NYSE: AMT), Crown Castle International Corp. (NYSE: CCI). Another winner from the called off deal could be Dish Network (Nasdaq: DISH).
Dish Network (DISH) could benefit in two ways.
First, spectrum assets benefit from the called off deal. Dish has lots of spectrum.
Second, AT&T could now target Dish in a takeover.
Shares of Dish Network are up 4.4 percent to $26.25 in pre-open action Tuesday.
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Dish Network (DISH) could benefit in two ways.
First, spectrum assets benefit from the called off deal. Dish has lots of spectrum.
Second, AT&T could now target Dish in a takeover.
Shares of Dish Network are up 4.4 percent to $26.25 in pre-open action Tuesday.
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