betty: i think anybody would take a call from charlie ergen. arlie: i think anybody would take our call, but certainly the wireless industry is controlled by two companies today. there are 20 times bigger than we are. they are going to make their moves and do their things and people are going to react to that. sometimes, you have to be ready to move when you see other things that happen in this industry. one thing we know for sure is the spectrum is viable and we will put it to good use, and we want to make sure it provides the best competition and the best product. betty: could charlie ergen's next play the merger with t-mobile? i will ask him if all of those reports make sense when "titans at the table" returns. ♪ ♪ betty: welcome back to "titans at the table" and my conversation with charlie ergen. for years, ergen has been buying up gold. the wireless kind. he has bid in several auctions for the airwaves that transmit your phone calls or video to your devices. analysts estimate ergen is sitting on $60 billion worth of this gold. this has led

charlie ergen has always been something of a fearless renegade. ergen led a group in the 1980's and started dish in the next decade. in the process, he has become one of the richest men in america, worth nearly $20 billion. he stepped out of the spotlight in 2011 and handed the ceo reins to joe clinton. he is back in the hot seat. with the satellite tv business in its early days, he wants to get the forefront of this change by creating a new over the top product called sling tv and buying up the billions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor to at&t and verizon. when we first sat down for interview, i asked ergen to describe this new frontier. charlie: now we are in another transformation. it has gone about in two places. one is tv itself is transforming. people are looking for more of what they want to watch. they want to watch their tv everywhere and part of that is the technology of ott, over the top, allows customers to do that. the second transformation is the wireless industry where t

dish network founder charlie ergen speaks out. charlie: i think we have a lot to talk about now. tty: for the first time on bloomberg television, ergen weighs in on the seismic shift taking place in television, his plans to become the next big wireless company, and why he might be looking to merge with that guy, the pink t-shirt wearing t-mobile ceo john ledger. charlie: they certainly have done a fantastic job in kind of being an upstart company, the uncarrier, so to speak. betty: but the famously tough boss faces questions about his management style. charlie: we have high expectations, and if you are not somebody who is used to high expectations, you're just not as comfortable here. betty: join me as charlie ergen dishes it all out on this edition of "titans at the table." hello, i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has always been something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car trunk around colorado. ergen led a group that created echostar in the 1980's and

charlie ergen. i'm betty liu, thanks for watching "titans at the table." ♪ ♪ >> it clearly had an impact on the way people began to think about economic policy. >> i was totally aware that a revolution was starting. >> if we did nothing else, we changed the world. howard: this is how i tasted my first cup of coffee. steve: boy, this is the first time in years. oh. [laughter] ooh. >> stand by, take three. david: knowing for sure whether it was going to work, no. but what a grand experiment.

that is what people are watching with charlie ergen i know.ty: speaking of another media mogul, john malone, someone we've not heard from much of the, was sent a letter by the sec over the time warner cable deal? gerry: the fcc has sent letters to various john: holdings. the question they want to know is a largelone stakeholder in charter. if they are able to merge with time warner cable, john malone also owns these tv networks like discovery -- he doesn't own them, but yes stakes in channels like -- he has stakes in channels like discovery and starz. betty: thank you so much could we were turn in a few minutes. betty: lightbank from bloomberg world headquarters in midtown manhattan, you are watching bloomberg television. i am betty liu. isch credit agency downgrading folks like into triple b plus -- downgrading folks i can to triple b plus. it is not junk but it was rated before. the outlook is negative. i want to bring in the julie hyman at the markets desk with the market reaction to this. the stock is down in german trade. julie: yet, but

charlie ergen has always been something of a fearless renegade. ergen led a group in the 1980's

dish network founder charlie ergen speaks out. charlie: i think we have a lot to talk about now. the first time on bloomberg television, ergen weighs in on the seismic shift taking place in television, his plans to become the next big wireless company, and why he might be looking to merge with that guy, the pink t-shirt wearing t-mobile ceo john ledger. charlie: they certainly have done a fantastic job in kind of being an upstart company, the uncarrier, so to speak. betty: but the famously tough boss faces questions about his management style. charlie: we have high expectations, and if you are not somebody who is used to high expectations, you're just not as comfortable here. betty: join me as charlie ergen dishes it all out on this

what charlie ergen will do is up to charlie. betty: will you bid in the next auction?ario: i have bid in every auction since 1993. betty: will you bid on this time? mario: i cannot comment on that. we were outbid materially a charlie ergen in the markets last time. betty: we'll leave it there. mario: i'm delighted to be there, but don't ignore taylor swift. she started as a country western -- betty: why would i ignore taylor swift? mario: one stock was the ryman. it was the only one that is a terrific discussion point. we will do it another time. betty: they give for joining us for the european close. mario gabelli. mario can put taylor swift together. more ahead on the bloomberg "markets." close.opean one bank is attempting to make a comeback after being dealt out during the financial crisis, that is next. ♪ welcome back to bloomberg "markets." london and new york, this is the european close. i am mark barton with betty liu. the first day of trading. ipo day. 3.4%. a dutch lender was bailed out by the government during the height of the financial crisis weary they sol