Wunderlich Comments On Dish Network As It Moves Toward Creating Its 4G Network

DISH Network DISH and the broader Charlie Ergen complex inclusive of sister company Echostar moved further toward creating a new terrestrial 4G network through DISH's agreement to acquire bankrupt DBSD North America for $1 billion. Subject to the FCC and court approval, Ergen could cobble together 20MHz of 2GHz MSS (Mobile Satellite Services) spectrum from DBSD with a similar 20MHz from ETC-controlled TerreStar. This affords another run on mobile TV or a wholesale business that addresses the wireless spectrum needs of other carriers. Wunderlich Securities is increasing its price target on DISH to $24 off a higher S&P 500 bogey. Wunderlich has a Hold rating on DISH DISH closed Tuesday at $22