: Verizon Wireless looking to buy Dish Network’s spectrum

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Verizon Communications Inc unit Verizon Wireless is looking to satellite-TV operator Dish Network Corp’s  spectrum to improve wireless internet speeds, the New York Post reported, citing sources familiar with the matter.

Dish’s were up 3.4 percent at $61.81 on the Nasdaq on Friday morning. Verizon Communications shares were little changed at $49.39.

The two companies have held informal, early about the spectrum, the report said.

In , Verizon Communications Chief Executive Lowell McAdam shot down rumors that the company in potential merger talks with Dish.

Federal Communications Commission Chairman Tom Wheeler has proposed restrictions on how much the biggest wireless carriers can bid for in a major auction of TV spectrum scheduled for mid-2015.

A possible merger between Sprint Corp (S.N) and T- US Inc (TMUS.N) could prompt U.S. regulators to rewrite rules they are now considering for the auction.