Dish Gains as Ergen Seeks Partner for Wireless Network
By Alex Sherman on October 03, 2012
Dish Network Inc. (DISH) gained the most in almost a month after Chairman Charlie Ergen said he won’t threaten the company’s future with his ambition to build a multibillion-dollar wireless network to become a provider of mobile data and voice provider.
Dish rose (DISH) 4 percent to $31.93 at the close in New York, the biggest gain since Sept. 5. The Englewood, Colorado-based company’s shares have climbed 12 percent this year.
The second-largest U.S. satellite TV provider is looking for a partner that’s already in the industry to help it build “the best wireless network in the United States,” Ergen said today at a conference in Orlando, Florida. Dish’s billionaire founder calmed investors by reiterating he was unlikely to build a network on his own, said Vijay Jayant, an analyst at ISI Group in New York.
Read the rest at http://www.businessweek.com/news/2012-10-03/dish-gains-as-ergen-willing-to-spend-billions-on-mobile
By Alex Sherman on October 03, 2012
Dish Network Inc. (DISH) gained the most in almost a month after Chairman Charlie Ergen said he won’t threaten the company’s future with his ambition to build a multibillion-dollar wireless network to become a provider of mobile data and voice provider.
Dish rose (DISH) 4 percent to $31.93 at the close in New York, the biggest gain since Sept. 5. The Englewood, Colorado-based company’s shares have climbed 12 percent this year.
The second-largest U.S. satellite TV provider is looking for a partner that’s already in the industry to help it build “the best wireless network in the United States,” Ergen said today at a conference in Orlando, Florida. Dish’s billionaire founder calmed investors by reiterating he was unlikely to build a network on his own, said Vijay Jayant, an analyst at ISI Group in New York.
Read the rest at http://www.businessweek.com/news/2012-10-03/dish-gains-as-ergen-willing-to-spend-billions-on-mobile
