Analyst: Comcast could make a bid for T-Mobile to bolster wireless strategy

The deal-making chess pieces are being moved around in the telecom industry, and one financial analyst thinks the next move might be for Comcast to make a bid for T-Mobile US.

According to a research note from UBS analyst John Hodulik, AT&T's proposed deal to buy DirecTV for $49 billion, and the implications that has for mobile video delivery, "could be the final straw that draws Comcast into the wireless mix."

Hodulik notes that Comcast's current wireless strategy leverages Wi-Fi deployments and a Verizon Wireless resale deal.

"While this may be a capital-efficient way to put a toe in the water, we believe it is not a long term strategy," he wrote. "In our opinion, this could eventually lead to the acquisition of T-Mobile -- if it is still independent. Initial moves to execute on a Wi-Fi-MVNO strategy will inevitably spark the speculation that Comcast will indeed need to go further and put a still-independent T-Mobile back on the merger target list were the SoftBank deal to be rejected."