Dish Network spectrum is valuable for Verizon, wrote...

Dish Network spectrum is valuable for Verizon, wrote New Street Research analysts in an email to investors Sunday. With 38 percent of industry revenue and just 16 percent of industry capacity, Verizon has a tremendous amount of value at stake if capacity utilization were to approach 100 percent, they said. Verizon should increase its share of industry capacity slightly in the upcoming FCC spectrum auctions, and “Dish is the only asset that would meaningfully narrow the gap,” they said. Dish may have lost two near-term options with AT&T’s plan to buy DirecTV “and the path to value realization may be less clear as a result,” they said. “The intrinsic value of Dish’s assets is unchanged,” New Street said. The most compelling transaction for both affected parties would be for Verizon to acquire Dish, said the analysts.