Ergen says Dish Network cannot afford to bid for DirecTV
(Reuters) - Dish Network Corp (DISH.O) Chairman Charlie Ergen said the satellite TV company would not make a move for competitor DirecTV (DTV.O) because the price would be too high, even though a combination of the two companies would have high synergies.
"DirecTV would be too frothy for us, for our board to look at, at those kind of prices," Ergen said on a conference call on Thursday after the company reported first quarter results.
Ergen was referring to media reports saying AT&T Inc (T.N) and DirecTV were weighing a tie-up.
He also said Dish was not in a position to outbid Sprint Corp (S.N) should it make a move for smaller rival T-Mobile US Inc (TMUS.N) but if Sprint did not proceed, T-Mobile US Inc would be of strategic interest to Dish.
(This version corrects headline and first line in story to say Ergen is chairman, not CEO of Dish Network)