Dish Network Corp. spent a surprising $6.2 billion on wireless airwaves in a government auction, a big splurge that did little to address questions about the endgame for billionaire Charlie Ergen’s satellite company.
Only T-Mobile US Inc. bid more in the auction, spending $8 billion out of the $19.8 billion in total proceeds. Dish’s hefty purchase jolted investors and bedeviled analysts, as the company already sits on one of largest troves of spectrum in the industry -- and still doesn’t actually provide a wireless service. It’s anyone’s guess what Ergen will do next: Sell Dish? Become a phone company? Sit and wait?
