It wouldn't be about bundles. It would be about DISH spectrum holdings. DTV has no spectrum holdings. In addition, satellite and cable about to get a new sheriff in town with high speed fiber on the way via G.fast technology. Fiber will lead to streaming audio and ala carte direct programming with sports leagues and the likes of HBO. Middle man about to be cut out via high speed internet courtesy of fiber/G.fast technology. T would be burning of $40B on a DTV deal. Quite likely some games being played behind the scenes. Either to snuff Charlie into selling or get VOD to waive the six month restriction.
Which gives little reason to buy DTV when T's fiber based TV is set to begin stealing satellite and cable subscribers. U-verse TV would cannibalize a satellite play. Fiber will soon move into mainstream as G.fast technology received standardization last month with OEMs now on the move. Some views believe commercial launch in first half 2015. G.fast will significantly cut cost of fiber deployment meaning satellite and cable just had a target put on their back.
...Yep, but keep in mind that AT&T and DISH also had a healthy two-way shared business services relationship at one point in time- The point is that the billions in spectrum that DISH has accumulated and possesses would prove to be more valuable than any interim services relationship T currently has in place with Direct TV. It's all about dollars and cents, long term income, revenue, PPS and P/E, it's what delivers for the consumer, business model, shareholders, BOD and bottom line.