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Photographer: Patrick T. Fallon/Bloomberg

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Dish Sinks After Giving Little Hope of Finding Network Partners

  • 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.