Thursday, December 29, 2005

AT&T Rumored to be Considering Bid for EchoStar

Paul R. La Monica writes on CNN/Money:

Rumors have made the rounds lately that AT&T (formerly known as SBC) may be interested in acquiring EchoStar, the nation's second largest satellite TV firm. Shares of EchoStar have gained more than 11 percent since mid-November.

Spokespeople for the two companies would not comment on the speculation. But some analysts say a deal makes sense.

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