Dish Sinks After Giving Little Hope of Finding Network PartnersBy
Chairman Charlie Ergen says no announcments are imminent
Company owns valuable airwaves, but it needs help using them
Dish Network Corp. suffered its worst stock decline in more than a year after Chairman Charlie Ergen told investors not to expect any imminent network partnerships, sparking concerns about the company’s long-term strategy.
Dish is sitting on a trove of airwaves that could be used to build a wireless network, but the company has said repeatedly that it will need industry partners to capitalize on its assets. For now, a coalition doesn’t seem to be forming.