DISH Network Corp DISH shares spiked back up after its chief executive T-Mobile Us Inc following an upcoming spectrum auction.
DISH is expected to be among the bidders in the airwaves auction slated for November 13 by the Federal Communications Commission, which has set a reserve price of $10.5 billion for spectrum going on the block.
Although Ergen has long nurtured hope to enter the wireless space, "we're not suicidal," Ergen said at a widely reported conference in October, leaving the door open to an eventual sale of spectrum assets.
Shares of DISH recently traded at $63.35, down less than 1 percent.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
