DISH eyeing TDS, US Cellular takeover, bank suggests

10 Mar 2021

In an intriguing US-based development, multinational investment bank Citi has suggested that satellite TV giant DISH Network is considering the acquisition of fixed line operator TDS Telecom and its majority-owned mobile subsidiary US Cellular.

Citi has observed that – if it comes to fruition – the takeover would provide DISH with ‘immediate rural coverage, significant revenue and subscriber scale that can leverage the T-Mobile wholesale deal for national coverage (which could be cheaper than its current roaming arrangements), a healthy spectrum position in its markets, and additional assets that could be held or monetised (towers, minority wireless investments, TDS Fiber and Cable assets).’

Thus far, DISH has bolstered its wireless ambitions with the back-to-back acquisitions of MVNO trio Boost Mobile, Ting and Republic Wireless. With a subscriber base of 4.911 million at end-December 2020, US Cellular was elevated to the position of the fourth largest wireless player in the US last year, following the takeover of Sprint by T-Mobile.

United States, DISH Network, TDS Telecom, United States Cellular Corporation (UScellular)