Ergen: Dish might not be comfortable buying T-Mobile

Ergen: Dish might not be comfortable buying T-Mobile
With rumors that Dish Network is interested in buying T-Mobile, Dish CEO Charles Ergen has either put an end to those rumors, or is a master at misdirection. During Dish's second quarter earnings conference call, the CEO said that a deal with the nation's fourth largest carrier "may be a challenge we wouldn’t feel comfortable taking on."

While purchasing T-Mobile might make Ergen feel uncomfortable, the executive says that a Dish purchase of Sprint would be "an interesting fit." Dish had offered $25.5 billion for all of the mobile operator, but SoftBank ended up buying 78% of Sprint for $21.6 billion. Ergen's response to getting beat out by the Japanese telecom company for Sprint was interesting. Instead of getting upset at losing, Ergen said "I want to hire people that are better than us, and I’d like to work with people that are better than us."

Outside of a deal to buy SoftBank, which would seemingly appear to be well out of even Dish Network's substantial financial capabilities, it looks like the Sprint ship has sailed. We assume that Ergen still desires Dish to become a wireless carrier which means he still is a wild card and a loose cannon that does have the wherewithal to shake things up. The only problem is that there aren't too many large targets that he can go after.


source: Bloomberg

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9 Comments

1. Shatter

Posts: 2036; Member since: May 29, 2013

Google needs to buy tmobile and rename it to Google Wireless.

2. TheLolGuy

Posts: 483; Member since: Mar 05, 2013

I'm hoping that was a joke. I'm not good at detecting sarcasm through text.

3. Maverick1

Posts: 33; Member since: Sep 30, 2012

LOL ........

4. joey18

Posts: 682; Member since: Jul 20, 2010

google buys tmobile more cheap plans and better service t mobile will go better then verizon. and att

5. a_merryman

Posts: 749; Member since: Dec 14, 2011

It sounds more like he is saying he wants to work with Sprint for them to host his network on their towers. I mean, he says that they were better than him and that he wants to work with people who are better than him. He knows he needs to build out that network quick too, or lose the spectrum that has spent so much on

7. reybanz

Posts: 4; Member since: Jul 31, 2013

That's what I saw as well. He basically asked to work with them in so many words

8. Maverick1

Posts: 33; Member since: Sep 30, 2012

Them being Softbank now not just Sprint, RIGHT! Softbank runs the train now so Sprint is simply the name kept for the wireless carrier. ** When I say Sprint I'm referring to the old Sprint (Hesse) prior to Softbank's acquisition.

6. kanagadeepan

Posts: 1278; Member since: Jan 24, 2012

Looks like he is wasting his precious time for NOTHING....

9. Maverick1

Posts: 33; Member since: Sep 30, 2012

The message I get is that Ergen still needs or and prefers Softbank formerly owned by Sprint which kept the Sprint name to do business with because he believe it's a better fitting glove, lol. He doesn't see T Mobile as viable to their plans for reasons unknown however if he was to go after T Mobile I believe he would rather buy it straight out to have 100% control in order to execute his diabolical plans, bwa hahahahaha.

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