AT&T expected to look at new M&A deals
AT&T is to consider Dish Network or Clearwire, it has been reported.
Merger and acquisition consultants could be utilised by AT&T, as it is considering purchasing firms such as Clearwire or Dish Network to bolster its holdings of wireless airwaves, Reuters reports.
It had previously attempted to buy T-Mobile USA, but US lawmakers, including the Department of Justice and the Federal Communications Commission, had shown their opposition to this proposal and the enterprise remains the property of Deutsche Telekom.
After AT&T decided not to continue in its bid to buy T-Mobile USA on December 19th, Dish Network shares grew by nine per cent the following day.
It is viewed as being in a good position to offload its wireless assets to AT&T and could even sell the entire company.
"Clearwire and Dish are likely to be seen as the main beneficiaries, given their strong existing and prospective spectrum holdings," UBS analyst John Hodulik was quoted by the publication as saying.
Roe Equity Research analyst Kevin Roe added: "AT&T is the most motivated buyer."
Posted by David Gleck
Source: Reuters, December 20th