VZ - Dish jumps 19% on report of talks to sell phone plans through Amazon

2023-05-25 09:17:31 ET

Dish Network ( NASDAQ: DISH ) jumped 19% premarket on a report that the company's wireless ambitions are getting a lift through talks to sell its plans via Amazon.com ( NASDAQ: AMZN ).

That would provide a vital link for Dish as it faces as June 14 federal deadline to meet key network coverage milestones or face financial penalties.

Details could emerge as soon as June on how Dish would sell its plans through Amazon's U.S. website, The Wall Street Journal reported. Dish executives have said they expect to meet the June 14 coverage deadline.

Financial terms of the deal couldn't be learned, the WSJ said. But a route through Amazon would let Dish market its emerging service to millions of customers and perhaps rise to challenge bigger rivals T-Mobile ( TMUS ), AT&T ( T ) and Verizon ( VZ ).

Dish emerged as the fourth national wireless player as T-Mobile's takeover of Sprint spurred asset divestitures leading to moves including Dish's acquisition of Boost Mobile. The company has spent the past few years building out a 5G network from scratch.

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