Shares of Dish Network (DISH) were falling nearly 4% during early afternoon trading on Monday after JPMorgan said the satellite broadcaster is less likely to be acquired following last week's bidding for airwave spectrum.
T-Mobile (TMUS) captured the most spectrum in an auction of airwaves owned by local TV stations, with Dish Network coming in second, the FCC stated last week.
T-Mobile spent $8 billion in the TV spectrum auction, followed by Dish at $6.2 billion.
Dish added 18 MHz of spectrum, principally in major cities, and now has about 95 MHz of airwaves,.
Consequently, "a Verizon (VZ) bid for all of Dish looks even less likely, but (the auction) does set up Dish as a one-stop shop for low-, mid-, and high-band auction were an internet or technology player need that to get into the wireless market, though we find this unlikely," JPMorgan analyst Philp Cusick noted.
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