Dish’s chairman says if he builds a new 5G network, investors will come. The stock’s more than 25% drop suggests the market is skeptical.
Dish Network Corp. Chairman Charlie Ergen defended Tuesday the satellite-TV provider’s expansion into phone service, as questions about how it will pay for its wireless ambitions have weighed on Dish’s stock price.
“We know that we do need to strengthen our balance sheet, but we don’t need it tomorrow,” Mr. Ergen said Tuesday in an interview.
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