DISH Network Corp DISH shares spiked back up after its chief executive T-Mobile Us Inc following an upcoming spectrum auction.
DISH is expected to be among the bidders in the airwaves auction slated for November 13 by the Federal Communications Commission, which has set a reserve price of $10.5 billion for spectrum going on the block.
Although Ergen has long nurtured hope to enter the wireless space, "we're not suicidal," Ergen said at a widely reported conference in October, leaving the door open to an eventual sale of spectrum assets.
Shares of DISH recently traded at $63.35, down less than 1 percent.
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