NEW YORK (TheStreet) -- Shares of DISH Network Corp. (DISH) are up 3.43% to $61.86 on heavy trading volume after it was reported that Verizon Wireless (VZ) is very interested in buying Dish Network's spectrum, the New York Post reports.
A top Verizon executive told a group of insiders in the last few weeks that the country's number one wireless carrier was eyeing the lucrative spectrum owned by Charlie Ergen's satellite-TV company, a banker with direct knowledge of the conversation said, the Post noted.
Analysts estimate that Dish's spectrum could be worth up to $17 billion.The companies have held informal, early talks about the spectrum, another source told the Post. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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