The news lifted the company’s stock 4.8% to $39.34 in mid-day Monday trading.
Reports say private-equity group Apollo Global Management is in talks with Dish to finance a bid for wireless assets, sold from a proposed $26 billion merger between T-Mobile and Sprint to get U.S. regulatory approval, according CNBC.
A Dish deal would include Sprint’s Boost Mobile business. At the same time, the U.S. Department of Justice is said to have had discussions with cable/broadband companies Altice USA and Charter Communications for purchase of T-Mobile/Sprint wireless assets.
For many years, Dish has bought up wireless airwaves but has yet to start a business around these spectrum deals.
Next year, Dish has a federal deadline to build a wireless communication network or risk losing the license.
At the same time, reports have circulated in recent weeks that Dish’s satellite TV business and AT&T’s DirecTV -- another big satellite TV operator -- were rumored to be considering a merger.
In recent years, both Dish and DirecTV have lost significant number of subscribers for their respective satellite TV businesses.