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Dish Network stock up on talks of selling wireless on Amazon

Yahoo Finance

Dish Network is reportedly in talks to sell its mobile phone service through Amazon.

Video transcript

[MUSIC PLAYING]

- Well, "The Wall Street Journal" is reporting that Dish Network is in talks to sell its mobile phone service through Amazon. Their stock is surging on the news, up almost 10% right now. An announcement could reportedly come as soon as June, which is also when the company must meet new 5G coverage milestones or be fined by federal regulators. Dish Network's stock has been struggling, down over 50% year to date, as it loses market share in television to streamers and attempts to become a major player in the wireless business as well.