While some Wall Street analysts believe the judge will approve the deal, at least one prominent analyst does not, reports Phone Arena. Cowen & Co. analyst Paul Gallant believes there’s a 60 percent chance that Judge Victor Marrero will block the transaction. The “states likely raised enough questions about [the] Dish fix and merger synergies to prevent Marrero from accepting them,” Gallant wrote in a client note.
The 13 state AGs and the one from the District of Columbia voiced concern that cutting the number of major wireless carriers from four to three will result in higher prices for consumers. Though Dish Network is setting up to become a nationwide wireless carrier, the state AGs argue that the satellite television firm has never sold wireless service before and cannot be counted on to replace Sprint, notes Phone Arena. Continue Reading