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Many people on Wall Street thought a better deal for AT&T would have been to buy Dish, which has amassed valuable wireless airwaves, something carriers need to meet the growing demand from phones and tablets for streaming video and other data, the Journal noted.
Now, Dish's options have been severely trimmed. The government requires the company to begin putting its spectrum to use within the next few years, and Dish lacks a network or a partner with which to do that efficiently, the Journal said.