I’m hearing rumors that Google and Dish are masterminding a plan to create a 4th mobile carrier.
The rumor is that Google and Dish will acquire the assets T-Mobile is being forced to sell off for its merger with Sprint.
T-Mobile is about ready to make a big stupid move IMO. Paying $26 billion for Sprint is a rip off. Sprint has been unable to gain traction in markets for years and has resorted to losing share holders money in order to gain market share. Any dummy can offer unlimited plans for $20 a month with a free phone and gain some market share but at some point, they’ll have to raise prices and actually act like a real business. Sprint will eventually die on its own. T-Mobile selling off good assets to buy bad assets is a really bad idea IMO when Google and Dish are conspiring to buy those good assets and go in competition against T-Mobile.
The rumors appear to be coming from this report by the New York Post.
Neither Google nor Dish meet the stringent requirements for a long entry and addition to the long-term buy and hold portfolio. Dish has bad valuation, profitability, growth, and health. Google has bad valuation. However, there may be some short-term swing trades in each stock.
Disclosure: I do not hold any position in Google or Dish.