Douglas County-based Dish Network shares rose the most in almost a year after Credit Suisse said AT&T may make a bid to buy the company. AT&T may be interested in Dish’s wireless-spectrum assets, Jonathan Chaplin, a Credit Suisse analyst in New York, said in a note Thursday. The assets make Dish an appealing buyout candidate to any phone carrier because consumers increasingly want video and broadband from the same provider, he said.
“What AT&T believes, I think, is if you bundle Dish and AT&T wireless on a national basis, that would reduce churn for all products and potentially drive penetration,” said Chaplin, who gives Dish an “outperform” rating.
Dish gained $1.31 to close at $23.49, the largest one-day gain since March 1. Shares have risen 31 percent in the past year. Bloomberg News
