Why DISH Network (DISH) Stock Is Surging Today

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.

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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.

DISH Chart

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