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DISH Sprint Softbank Clearwire Story Over? Whatever: Buy NIHD And SITO

|Includes: DISH Network Corporation (DISH), NIHD, S, S, SITO, T

From SA Today:

SoftBank (OTCPK:SFTBF) CEO Masayoshi Son has forecast that his company's $21.6B acquisition of...

 

  • Friday, June 21, 3:07 AM ET
    SoftBank (OTCPK:SFTBF) CEO Masayoshi Son has forecast that his company's $21.6B acquisition of Sprint (NYSE:S) should achieve savings of ¥200B ($2B) a year over the next four years. The deal should be completed early next month, barring a late twist involving Dish (NASDAQ:DISH) or regulatory problems, Son said at a shareholders meeting. He acknowledged that SoftBank considered buying T-Mobile (NASDAQ:TMUS) as an alternative to Sprint.

We think Sprint, DISH and CLWR are close to fully valued and do not represent significant upside from their current share prices in the current mobile computing push. We believe the under-loved wireless carrier NII Holdings (NASDAQ:NIHD) holds valuable licensed spectrum in growth markets and therefore has tremendous upside potential. We see upside in shares of the names that will participate regardless of who wins the most customers. Our up and comer pick Single Touch (NASDAQ:SITO) has a compelling mobile advertising business and are expanding their reach through AT&T (NYSE:T) as its conduit to deliver sponsored SMS text messages. In addition, they have a very powerful patent portfolio which is of significant strategic value to anyone in the mobile advertising and video streaming space, including DISH and any of the well healed CLWR shareholders, present, past or future.

From SA Yesterday:

AT&T (T) considered buying up to a 29.9% stake in Telefonica (NYSE:TEF) before the Spanish...

 

  • Thursday, June 20, 4:37 PM ET
    AT&T (T) considered buying up to a 29.9% stake in Telefonica (TEF) before the Spanish government said no, has mulled buying France Telecom (FTE)/Deutsche Telekom's (OTCQX:DTEGY) Everything Everywhere U.K. mobile JV and Telefonica's O2 U.K. unit or Latin American ops, and "remains interested" in Vodafone (NASDAQ:VOD) assets,Bloomberg reports. A merger with Telefonica has also been explored, even though AT&T's ties with America Movil (NYSE:AMX) would complicate matters. Meanwhile, the FT reports CEO Randall Stephenson is meeting with EC telecom regulator Neelie Kroes. It safe to assume Ma Bell is serious about expanding abroad in order to offset slumping U.S. growth. (previous)

Disclosure: I am long NIHD, SITO.