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Dish Tumbles as Update on 5G Network Disappoints Some Investors

  • Fourth largest mobile carrier sees adding 30M-40M customers
  • Analyst underwhelmed after 3 hour presentation in Las Vegas
Technicians deploy a portable Dish Network 5G wireless tower in Sedalia, Colorado.

Technicians deploy a portable Dish Network 5G wireless tower in Sedalia, Colorado.

Photographer: Daniel Brenner/Bloomberg

Dish Network Corp. slumped to a two-year low, reflecting investor disappointment over the outlook for the company’s 5G wireless network and plans to transition from a satellite TV provider to a mobile broadband competitor.

The shares were down 11% to $19.27 at 11:32 a.m. in New York, the lowest price since April 2020. They had lost 33% this year through Tuesday’s close.