UPDATE: DISH (DISH) said to have approached Deutsche Telekom for T-Mobile bid
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(Updated - April 12, 2013 2:54 PM EDT)
DISH Network (Nasdaq: DISH) is popping higher following reports Friday afternoon that CEO Charlie Ergen may have informally approached Deutsche Telekom about a possible merger with T-Mobile USA. The proposal was made sometime prior to April 10th, the day Deutsche Telekom made a sweetened deal for MetroPCS (NYSE: PCS).
Ergen has been trying to get DISH in the wireless game for a while, aiming to work with Sprint (NYSE: S) on previous occasions and also seeking FCC approval of certain spectrum bands which could carry wireless signals.
Deutsche Telekom said it might consider DISH's proposal once the T-Mobile/MetroPCS deal closes and after affirming that a separate deal with Sprint isn't possible.
Spokespeople for DISH and Deutsche Telekom did not issue a comment on the chatter.
Though DISH has pared some of its earlier spike, PCS is up 0.8 percent. Sprint is flat and network equipment provider Clearwire (Nasdaq: CLWR) is down over 3 percent.
DISH Network (Nasdaq: DISH) is popping higher following reports Friday afternoon that CEO Charlie Ergen may have informally approached Deutsche Telekom about a possible merger with T-Mobile USA. The proposal was made sometime prior to April 10th, the day Deutsche Telekom made a sweetened deal for MetroPCS (NYSE: PCS).
Ergen has been trying to get DISH in the wireless game for a while, aiming to work with Sprint (NYSE: S) on previous occasions and also seeking FCC approval of certain spectrum bands which could carry wireless signals.
Deutsche Telekom said it might consider DISH's proposal once the T-Mobile/MetroPCS deal closes and after affirming that a separate deal with Sprint isn't possible.
Spokespeople for DISH and Deutsche Telekom did not issue a comment on the chatter.
Though DISH has pared some of its earlier spike, PCS is up 0.8 percent. Sprint is flat and network equipment provider Clearwire (Nasdaq: CLWR) is down over 3 percent.
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