Dish Investors Ignore Ergen Failures as Spectrum Value Grows
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Dish Network Corp. Chairman Charlie Ergen has failed at least four times in attempts to transform his company into more than just a satellite-television provider. Judging from the share price, investors don’t mind.
The stock has almost tripled in value over the past three years, despite a string of doomed deals that were meant to build Dish into a wireless company. In Ergen’s most recent move last week, the company said it’s dropping a $2.2 billion offer to acquire airwaves owned by the bankrupt LightSquared Inc.