Dish Network and AT&T are joining forces, though not, as some have predicted, in the pay-TV space. Instead, Dish has agreed to pay AT&T $5 billion over a 10-year period to secure the teleco…
DirecTV, which AT&T bought in 2015 and recently spun off into a separate entity backed by private equity firm TPG, has long competed with Dish. Charlie Ergen, the outspoken chairman of Dish, has repeatedly said he expects the two pay-TV entities to merge one day, though regulators have previously taken a dim view of such a combination.
Dish is looking to expand its 5G network to 70% of the U.S. population by 2023. As with its TV footprint, rural markets are central to its strategy.“Teaming with AT&T on this long-term partnership will allow us to better compete in the retail wireless market and quickly respond to changes in our customers’ evolving connectivity needs as we build our own first-of-its kind 5G network,” said John Swieringa, Dish COO and Group President of Retail Wireless.
“Teaming with Dish on this agreement is not only a testament to the strength of our network, but it further validates the investments we’ve made in our fiber and wireless infrastructure,” said Thaddeus Arroyo, CEO, AT&T Consumer. “We welcome Dish wireless and its customers to the nation’s largest and best wireless network for all of their streaming, data and roaming needs.”
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