Advanced Television

charlie ergen

EchoStar prepares for key launch

EchoStar, a business owned by Charlie Ergen, has a crucial date on June 25th for a rocket and satellite launch. If the satellite is successfully put into orbit then Ergen will secure near-global rights to S-band licences. If it doesn’t work – and two previous attempts have failed – then Ergen’s permissions to use the […]

June 24, 2021

Dish Network raises $1.25bn in new debt

Charlie Ergen’s DTH operation Dish Network intends on raising $1.25 billion in fresh debt by means of new senior notes. The cash will be raised via Dish DBS Corp, a subsidiary company. Dish will use the cash to refund some existing debt and general corporate purposes. A week ago, Dish reported quarterly earnings of 99c/share […]

May 11, 2021By Chris Forrester

Ergen pockets $95m

Charlie Ergen, who is a major shareholder in Dish Network and EchoStar, has enjoyed a bump in his overall salary and compensation. Ergen is not quite in the same league as Jeff Bezos or Elon Musk, but this past year his total compensation has rocketed from $2.36 million to $94.7 million although a large portion […]

March 22, 2021

Dish Network prices $2bn of bonds for 5G

Charlie Ergen’s Dish Network has priced an offering for $2 billion-worth of bonds. Dish, in connection with the offering, has also granted the initial purchaser a 30-day option to purchase up to an additional $300 million in aggregate principal amount of the Notes. The Notes will mature on December 15th 2025. The Notes will not […]

December 21, 2020By Chris Forrester

Dish Network settles $210m lawsuit

Charlie Ergen’s Dish Network DTH operator has settled a $210 million (€173m) penalty in its dispute with the US government over breaching telemarketing rules. The case involved claims that “millions” of illegal calls were made to promote satellite TV. The states of California, Illinois, North Carolina and Ohio were also involved in the litigation and […]

December 7, 2020By Chris Forrester

EchoStar praised, forecast raised

The bulk of EchoStar’s business these days is focussed on its wholly-owned subsidiary Hughes Network Systems which itself is a major supplier of satellite-based broadband to consumer and business users. Last week EchoStar – itself controlled by Charlie Ergen – reported better than expected results on revenues and EBITDA.  The results have prompted a significant […]

November 17, 2020

Ergen creates Conx for telco acquisitions

Charlie Ergen has filed documents with the US Securities & Exchange Commission to create a public company called Conx. Ergen is using Conx as a SPAC (a Special Purpose Acquisition Company) as the shell vehicle for his move. Conx is offering 100 million shares (and possibly up to 115 million) at $10 each as part […]

October 5, 2020

Satellite operator consolidation unlikely

The prospects of some sort of merger of satellite operators in North America, between Charlie Ergen’s Dish Network and AT&T’s DirecTV, or perhaps a European consolidation between SES and Eutelsat, has generated plenty of media comment over the past weeks. However, a virtual meeting of senior executives on September 24 at the Avia (Asia Video […]

September 30, 2020

Ergen still expects DTH consolidation

Charlie Ergen, chairman of DISH Network and EchoStar, says he believes that some sort of merger between his own DISH Network and AT&T’s DirecTV is inevitable. “Is it one month from now or two years from now? I don’t know,” he said during a conference call with analysts reviewing DISH’s Q2 results. DISH’s subscriber numbers […]

August 10, 2020By Chris Forrester

Dish Network prices $1bn debt borrowing

Charlie Ergen’s move into cellular telephony is proving to be costly. A $1 billion debt offering of Senior Notes by Dish Network has been priced at 7.35 per cent. The debt is due for repayment by 2028. As a comparison last week SES offered a €400 million Eurobond, also due for repayment in 2028, and […]

June 29, 2020