The Zacks Analyst Blog Highlights:DISH Network, T-Mobile US, Sprint, AT&T and Verizon Communications

CHICAGO, Dec. 20, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the DISH Network Corp. (Nasdaq: DISH-Free Report), T-Mobile US Inc. (NYSE: TMUS-Free Report), Sprint Corp. (NYSE: S-Free Report), AT&T Inc. (NYSE: T-Free Report) and Verizon Communications (NYSE: VZ-Free Report).

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

Will DISH Pursue T-Mobile U.S.?

Recently, The Wall Street Journal as well as Reuters reported that DISH Network Corp. (Nasdaq: DISH-Free Report) may consider a bid for T-Mobile US Inc. (NYSE: TMUS-Free Report) in the first half of 2014. In 2013, DISH lost to Softbank of Japan in its attempt to acquire Sprint Corp. (NYSE: S-Free Report). Earlier in 2011, the Federal Communications Commission (FCC) thwarted AT&T Inc.'s (NYSE: T-Free Report) attempt to acquire T-Mobile US, a subsidiary of Deutsche Telekom AG.

DISH, the second largest satellite TV operator in the U.S., has established an extensive wireless/satellite spectrum base over the last couple of years. In 2012, the company purchased 2 slots of the 40 MHz S-band wireless spectrum fromthe bankrupt TerreStar Networks Inc. and DBSD North America Inc. for a consideration of $2.9 billion. Moreover, the company owns a slot of 700 MHz airwaves.

DISH is one of the 34 contenders to bid for the Jan 2014 auction of PCS H Block wireless frequencies by the FCC. Furthermore, DISH also offered a bid to acquire 40 MHz of wireless spectrum held by LightSquared, which is currently bankrupt. This auction will take place this month.

We believe DISH's attempt to enter the wireless market is a diversification strategy to counter pay-TV market saturation. DISH Network enjoys the opportunity to collaborate with several established telecom or tech companies to jointly establish a wireless network.

DISH estimates that its portfolio of wireless spectrums can be monetized for $10 billion. However, management is yet to take a final decision on its wireless venture.

Industry circle also reported that Sprint may also opt for T-Mobile US. However, we believe that a possible merger between DISH and T-Mobile US has greater potential to clear regulatory hurdles than the same between Sprint and T-Mobile US.

Notably, T-Mobile is the fourth largest telecom operator in the U.S. while Sprint is the nation's third largest telecom operator. Verizon Communications (NYSE: VZ-Free Report) and AT&T are the top two telecom operators.

In 2011, the FCC rejected AT&T's bid for T-Mobile US, stating that it wants four nationwide telecom operators, to maintain competitiveness. If DISH acquires T-Mobile US, the number of telecom operators in the U.S. will remain at four while the figure will come down to three if Sprint executes the deal. DISH currently has a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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