Is AT&T Readying EchoStar Takeover?

摘要

EchoStar investors are betting there is real substance behind the string of recent reports alleging AT&T was readying a takeover bid. Such rumors have done wonders for EchoStar shares, which closed at $48.35 10/23, +27% YTD. Such an offer would amount to an admission AT&T was writing off its FTTN-based initiative as a failed video strategy. Although U-verse has its challenges, however, there is no indication AT&T has had a change of heart (see P.7).