Trading The Losers From The AT&T T-Mobile Deal (CCI, SBAC, AMT, S, DTV, DISH)

Yesterday we saw the

of a merger between AT&T

and T-Mobile, a subsidiary of Deutsche Telecom. We've already heard of

in this deal, but who loses? The tower names are likely to see downside pressure today, and could be a good shorting opportunity. America Tower

, SBA Communications

and Crown Castle International Corp.

are down sharply in pre-market trading, as consolidation in the space leads to decreased pricing power for the towers. Sprint

is an obvious loser here, as now no one will acquire the name. Verizon has already said it wouldn't acquire Sprint in the interest of anti-trust, and the other remaining players, Leap Wireless

and MetroPCS

are of no incremental benefit to Sprint. DIRECTV

and Dish Network

are likely losers, as it removes any possibility of them getting into the telecom game. Both shares are indicated lower.