AT&T made a smart move to buy DirectTV even if it is expensive it will pay big time in the long run. DirectTV is the only significant provider left within 20 miles of where I live in Los Angeles and Comcast has already shown what they can do when the Clipper game got cut off in all of Los Angeles two weeks ago with only ONE MINUTE remaining… I hope AT&T Pushes through and is able to service the same areas as time warner cable because as of right now I’m forced to be with TMW since they are the ONLY service provider on my “street” .
Dish Network chairman Charlie Ergen is the odd man out at the M&A poker table, and the only big cards he’s left holding point to a future play in wireless.
With AT&T’s proposed $67 billion bid for DirecTV, Dish “loses both of its best exit options,” MoffettNathanson senior analyst Craig Moffett said in a note. “Dish Network just lost its game of musical chairs.” The analyst downgraded his rating on Dish to “sell,” maintaining a price target of $47 per share.
Dish shares were down about 3% in Monday morning trading, after opening down 1.7% at $58.92 per share.
Analysts see a takeout of Dish by the last big player in the telecom space — Verizon Communications — as unlikely. “If (Verizon) doesn’t acquire Dish (and we don’t think it does), then this leaves (T-Mobile) or (Sprint) as Dish’s only options,” Oppenheimer & Co. analyst Tim Horan wrote in a research note.
SEE ALSO: AT&T, DirecTV Deal Details…
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