Billionaire Charlie Ergen may combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp., the Wall Street Journal reported. A deal could be announced as soon as Tuesday.
Billionaire Charlie Ergen may combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp., the Wall Street Journal reported Monday night.Dish DISH has a valuation of about $4 billion, while EchoStar SATS has... Billionaire Charlie Ergen may combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp., the Wall Street Journal reported Monday night.
Ergen controls both companies, and the Journal said a combination would give him the financial flexibility to build a national wireless network to compete with AT&T Inc. T and Verizon Communications Inc. VZ . Among Dish’s holdings is wireless company Boost Mobile, and it’s been building a nationwide 5G network.Dish shares have recently been trading at their lowest level since 1999. Dish shares are down 46% year to date, while EchoStar is up 41%.
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