DISH Signals Ergen Inspired Split
DISH Chairman Charlie Ergen’s SPAC appears to have found its target.
November 2, 2022
DISH Network Corporation (DISH), a pay-tv and wireless services provider, may soon split its pay-tv and retail wireless businesses. Until it builds out its own 5G network, DISH’s retail wireless unit operates as an mobile virtual network operator (MVNO), relying on T-Mobile and AT&T to provide it with network services.

Separately, DISH’s Chairman Charlie Ergen holds an ownership stake in CONX Corp. (CONX), a special purpose acquisition corporation (SPAC) on the hunt for a technology, media, or telecommunications firm to bring public. In DISH’s latest quarterly filing, DISH revealed Ergen’s SPAC may have found its target in DISH’s retail wireless business:

“We regularly evaluate ways to enhance our business. As part of this process, we are in regular dialogue with interested parties who may assist us in accomplishing our goals, including recently preliminary conversations with CONX Corp. (an entity partially owned by Charles W. Ergen, our Chairman) regarding a transaction involving our Retail Wireless business. There can be no assurance that these preliminary discussions will lead to a transaction nor as to the structure or terms of any such transaction.”
Related: CMCSA, CHTR, V, T
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