Deal making is back in the telecom and media space in a big, big way. 

As has been widely covered, Sprint (NYSE:S) is working behind the scenes to eventually bid for telecom upstart T-Mobile (NASDAQ:TMUS), a deal that's fraught with risk before it even begins. And similarly, we've seen word leak that AT&T and DirecTV are also in discussions about a possible acquisition.

Source: T-Mobile.

One company that you probably haven't thought about but could hold major implications for the Sprint and T-Mobile transaction is satellite provider DISH Network (NASDAQ:DISH)

What a DISH
According to reports, DISH knows it simply can't compete against the now-deep-pocketed Sprint in the fight for T-Mobile. So rather than compete head-on against Sprint, DISH is instead quietly waiting in the background in hopes that the T-Mobile-Sprint deal will self-destruct and present it with an opportunity to snap up T-Mobile.

DISH has been hard to work developing a key new offering that it hopes will usher in the next great wave of change in the U.S. cable market, and it believes that T-Mobile could prove extremely useful as it rolls this new product out later this year.

In the video below, tech and telecom specialist Andrew Tonner looks at DISH's entry as a possible alternative to Sprint's coming deal for T-Mobile and what it could mean for investors in each of these companies in the months ahead.

Andrew Tonner has no position in any stocks mentioned. The Motley Fool recommends DirecTV. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.