Why DISH Network (DISH) Stock Is Gaining Today

NEW YORK (TheStreet) -- Shares of DISH Netwrok Corp. (DISH) are up 2.62% to $63.78 as company chairman Charlie Ergen said Sprint's (S) decision to drop its bid for T-Mobile US (TMUS) opened up more options for his satellite-TV carrier as it looks for ways to expand into the wireless business, Bloomberg reports.

Ergen is seeking a wireless network to help expand his TV distribution business beyond satellite transmissions as more video is delivered over the Internet. After being outbid last year by SoftBank (SFTBF) for control of Sprint, Ergen said earlier this year he would consider a deal for T-Mobile if Sprint failed to acquire it.

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DISH ChartDISH data by YCharts

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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