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
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