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Dish Network is set to launch on the S&P 500.

The pay-TV provider will replace Linear Technology on the S&P 500 and reside in the index’s consumer discretionary sector, S&P Dow Jones Indices said in a statement on Monday. The changeover will take place prior to market open on March 13.

Semiconductor maker Linear Technology, which was part of the S&P 500′s information technology sector, is being shuffled off following its acquisition by S&P 500 constituent Analog Devices, in a cash-and-stock deal announced last year that values the group at $14.8bn.

The S&P 500 comprises large-cap US equities and includes about 500 leading companies covering approximately 80 per cent of available market capitalisation, according to its website.

Copyright The Financial Times Limited 2017. All rights reserved.

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