Dish on the verge of striking deal to sell its mobile service contract

Shares of Dish Network Corp rose over 10% on Thursday, after a report that the U.S. satellite TV service provider was in talks to sell its wireless plans through Amazon.com Inc.

The potential tie-up would open up a large sales channel for Dish Network, which has been investing to grow its wireless business.

Details of the new phone plans sold through Amazon’s U.S. website could be announced as soon as June, the Wall Street Journal reported, citing people familiar with the matter.

Dish Network is a customer of Amazon’s cloud-computing services. Amazon declined to comment, while Dish Network did not respond to a Reuters request for comment. Wall Street Journal