(Bloomberg) -- Dish Network Corp. shares surged Thursday after the US Federal Communications Commission approved its merger with EchoStar Corp., clearing the way for the deal to close this month and ease debt worries. Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferWall Street’s AI Craze Drives Nasdaq 100 Up 1.5%: Markets WrapApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesHarvar
The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire Charlie Ergen's telecom empire to tackle growing competition from larger U.S. carriers. Dish shares rose 8.5% on the approval while Echostar was up 8% in afternoon trading. Since spinning off EchoStar in 2008, Dish has looked to expand beyond satellite TV into streaming TV as well as mobile telecom services, but has faced stiff competition from bigger rivals, including AT&T and Verizon Communications.
Dish (DISH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.