NEW YORK (TheStreet) -- Dish Network (DISH) shares vacillated between red and green Monday as investors debated whether AT&T's (T) $48.5 billion buy of satellite company DirecTV (DTV) made Dish more or less attractive to a potential acquirer.
The bulls argued that AT&T's potential merger with a satellite company forced competitors Verizon (VZ), Sprint (S), and T-Mobile (TMUS) to find their own satellite providers. They pointed to reported talks between Dish and Verizon as evidence of the interest from telecommunications companies.
Telecommunications providers are interested in expanding their offerings to include television service, in part because cable companies have encroached upon their turf with Internet-delivered voice service. Many cable companies such as Cablevision (CVC) offer phone service bundled with television and Internet, and promise low rates and one bill.
But bears argued that the DirecTV/AT&T deal made Dish Network less attractive. Two of the most likely acquirers for the satellite service were AT&T and DirecTV, they argued. If those buyers are no longer in the market, then Dish may have to go it alone against a much stronger competitor. Dish's stock fell 0.7%.
$DISH VZ said they're not interested in any more deals......what you buyers are doing is allowing the MM's to unload their positions on you