Credit Suisse analyst Jonathan Chaplin wrote in a note that AT&T may be interested in making a bid to buy Dish Network, causing the second-largest U.S. satellite-television provider’s stock to jump, reports Bloomberg News.
Chaplin wrote that AT&T might be interested in Dish’s wireless-spectrum assets, because increasingly consumers want video and broadband from the same provider. In an interview,
Chaplin said, “What AT&T believes, I think, is if you bundle Dish and AT&T wireless on a national basis, that would reduce churn for all products and potentially drive penetration,” the piece notes.
Dish’s stock rose 5.9% to $23.59 on Thursday, marking the largest one-day gain since March 1, the article says.
Dish and AT&T both declined to comment, the story adds.