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Dish discussing T-Mobile deal with Deutsche Telekom
Dish Network has been itching to grab a wireless carrier for some time now. Dish was interested in Sprint last year and is now rumored to be looking to acquire T-Mobile. For years now, Dish has expressed interest in running their own LTE network.
Citing people with knowledge, Bloomberg is reporting that Dish Network chairman, Charlie Ergen, has contacted Deutsche Telekom to express interest in acquiring T-Mobile. There has not been any formal offer nor has any bank been hired to advise such a deal.
Deutsche Telekom recently rejected a bid from French telecom Iliad for T-Mobile in the amount of about $15 billion for a 56.6 percent stake in T-Mobile.
Deutsche Telekom, based in Bonn, views Dish as a better acquirer than Sprint because it wouldn’t rankle antitrust regulators by reducing the U.S. wireless market to three competitors from four, the person said. Dish also may have more firepower to bid than Iliad, which has been talking to private-equity firms about teaming up on an offer, the person said. – Bloomberg
Dish Network has also been rumored to be starting a new Internet TV service that aims to target the 18 to 34 year old demographic with a live TV channel package costing just $20 to $30 per month.
According to Bloomberg, Dish already holds an estimated $26 billion in airwaves. That number includes the large chunk of the FCC’s recent H Block auction which Dish paid $1.56 million for to become the fifth largest spectrum holder in the country.