Speculation is still rife that Dish Network and T-Mobile US will forge some kind of deal, but Dish CEO Charlie Ergen said that he does not feel any pressure to make any kind of deal, though he declined to comment directly on a transaction with T-Mobile. "We're not feeling any pressure to do anything," Ergen said in an interview with the Denver Business Journal.
Dish Network is in talks with banks to line up between $10 billion and $15 billion of debt financing for the cash portion of a transaction to acquire T-Mobile US, according to multiple reports.
As media and networks are converging, T-Mobile US and Dish Netwiork are reportedly talking about merging. The two companies share a mindset as aggressive challenger brands with a maniacal focus on cost cutting, something both companies have to focus on because they entered their respective markets late.
Reports that Dish Network and T-Mobile US are in merger talks sparked a flurry of speculation from financial analysts about the potential ramifications for the wireless and cable industries. Some analysts think that the deal could increase pressure on Sprint, which would have no clear path to scaling up, and on Verizon Wireless which would be deprived of a source of additional spectrum it might have gotten from Dish. At the same time, analysts think a T-Mobile/Dish combination will be a major bonanza for tower companies.
Dish Network and T-Mobile US are in merger talks and are in agreement on what a combined company would look like, according to a Wall Street Journal report.
Dish Network is keeping all of its wireless options open and does not think that its potential choices are mutually exclusive, meaning Dish might both launch a wholesale wireless network and acquire a partner, according to financial analysts.
Dish Network is holding an impromptu meeting with financial analysts Tueday and could lay out its plans for its wireless spectrum, according to Wall Street firm New Street Research.
Dish Network is aiming to hire a new CMO to help it jump into the wireless business, according to a Yahoo Finance report. The report, citing a Dish document, could indicate that Dish is preparing to launch a new wireless service in the near future, though there is no guarantee the company will do so.
Dish Network CEO Charlie Ergen and other Dish executives said the company is keeping all of its options open in terms of Dish's wireless strategy--but Ergen again expressed enthusiasm for T-Mobile US' approach to the market and its business strategy.
Now that it has emerged from bankruptcy protection, LightSquared wants to get back to what it had planned to do before it got mired in restructuring nearly three years ago: use spectrum to provide wireless service to U.S. customers.