NEW YORK (TheStreet) -- Dish Network (DISH) has reportedly dropped its pursuit of Clearwire (CLWR), leaving TheStreet's Debra Borchardt and Chris Nolter of The Deal to wonder what Dish might do now.

Dish, which dropped its pursuit of Sprint ( S) earlier this year, has suddenly found itself without a wireless option -- or has it?

According to Nolter, Dish might now look at going after T-Mobile, combining its wireless spectrum portfolio. If Dish went after T-Mobile and successfully acquired it, it may look to spin off its Dish TV business segment, creating a mature, cash-generating business that would attract new investors.

Nolter also suggested the possibility of Dish combining with DirecTV ( DTV), creating a giant satellite dish company with a huge customer base.

Although it has currently dropped its wireless pursuit over Sprint and Clearwire, one thing is for certain: Dish still has plenty of options on its plate, said Nolter.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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