Not the first time, merger reports between North America’s two DTH operators have emerged, but a Bloomberg report states that Charlie Ergen’s DISH Network (now part of his EchoStar business) is very open to merging with AT&T’s DirecTV. Shares of Dish Network rose 6.3 per cent on March 22nd while AT&T stock went up 1.9 […]

A report on EchoStar from analysts at Bond research specialist, Gimme Credit, looks at the newly-merged operation (with EchoStar absorbing DISH Network) and is blunt saying they expect the company to continue losing subscribers during 2024, which would lead to a decrease in revenue of around 6 per cent. The report expects EchoStar to be […]

EchoStar – already facing complaints from some shareholders over how owner Charlie Ergen restructured the DISH Network broadcasting business into a new operation – is facing another major legal hurdle which, this time, is the US Senate. Investment fund manager Buxton Helmsley Grp (BHG), which has holdings in EchoStar, has written to US Senators Elizabeth […]

As Mark Twain said when a newspaper incorrectly published his obituary, “The reports of my death are greatly exaggerated.” The same phrase could be used for last week’s commentaries on EchoStar’s results with more than a few experts suggesting that bankruptcy was more likely than ever. Even EchoStar’s own Form 10K SEC filing admitted that […]

More detail has emerged on the news that a number of Dish Network creditors have written to the company alleging that the Charlie Ergen-backed pay-TV broadcaster engaged in an “illegal” restructuring when it – in effect – merged with EchoStar. They are demanding that the merger be reversed. This is unlikely to happen so the […]

EchoStar, having recently merged with Dish Network, has upset some investors and creditors in Dish. An Ad-hoc grouping of Dish Network investors and holders of the company’s debt have reportedly met and drafted an agreement to band together in potential negotiations with the company. The groups are exploring legal options, including default notices under certain […]

Charlie Ergen’s EchoStar is reportedly looking to swap around $4.9 billion (€4.4bn) of debt for new bonds that will be backed by the company’s extensive portfolio of 5G wireless spectrum. The plan was announced after the market closed on January 12th and in essence said that holders of existing convertible debt – already significantly downgraded […]

The FCC has approved the transfer of control of Dish Network and its subsidiaries to EchoStar Corp. The FCC, and the bureaux under its supervision (the Office of Engineering & Technology, the Space Bureau, the Wireless Telecommunications) allowed the transfer of its broadcast and transmission licences. The FCC order includes those terrestrial licences for Dish’s […]

Charlie Ergen is in the process of – in effect – merging Dish Network with sister business EchoStar in a strategy to tap into EchoStar’s cash war chest and in order to further build out Dish’s near-national 5G cellular spectrum in the US. The problem, according to analysts at MoffettNathanson, is that the moves might […]

Following on from DISH Network’s miserable results on November 6th (and a 38 per cent crash in its already depressed share price to $3.44, a 25-year low) co-founder Charlie Ergen told analysts that the pay-TV broadcaster was failing fast. “Investors are starting to give up,” Ergen admitted. One immediate consequence is that DISH Network’s President […]