EchoStar’s share price has plummeted 13 per cent as news emerged that TPG (the former Texas Pacific Group) has said that the acquisition by DirecTV of EchoStar’s pay-TV assets was at risk because of EchoStar/Dish bond-holders who were holding out over the terms of a debt exchange offer. There are multiple reports that Dish bondholders […]
It should not be forgotten in the acres of business news coverage over the DirecTV (and TPG) acquisition of DISH Network that in selling DISH, chairman Charlie Ergen is very much giving up his ‘baby’. When his EchoStar 1 satellite was launched on a Chinese Long March rocket in 1995 Ergen was in the launch […]
As heavily rumoured, DirecTV and EchoStar have entered into a definitive agreement under which DIRECTV will acquire EchoStar’s video distribution business DISH DBS, including DISH TV and Sling TV, through a debt exchange transaction. “DirecTV operates in a highly competitive video distribution industry,” said Bill Morrow, Chief Executive Officer, DirecTV. “With greater scale, we expect […]
The long-awaited merger between DirecTV and Dish Network appears imminent and could be announced as early as September 30th, according to a report in the WSJ. If an agreement is reached, the result would be the creation of the largest pay-TV operator in the US. Together, the pair would have some 20 million subscribers. The […]
EchoStar, the Charlie Ergen-backed business that owns the Dish US pay-TV operator, says that negotiations which have taken place over the past weeks with certain debt-holders and which would have led to a financial reconstruction have failed to reach agreement. The negotiations were primarily with members of a group represented by Milbank. Despite this setback, […]
FreeCast has announced a partnership with DISH Network, a wholly owned subsidiary of EchoStar Corporation, to offer its aggregated streaming software on AirTV 2 and AirTV Anywhere devices to serve FreeCast’s commercial customers with a network-attached broadcast tuner for blending streaming and over-the-air channels. FreeCast’s software will work seamlessly with these devices. AirTV 2 and […]
In reporting its Q2 results, EchoStar revealed its net pay-TV subscribers decreased by approximately 104,000 in the second quarter, compared to 294,000 in the year ago quarter. This included 6.07 million Dish TV subscribers (down from 6.26 million) and 2 million Sling TV subscribers (up from 1.92 million). The company posted a Q3 net loss […]
Dish Network, the troubled US satellite-TV provider with more than $20 billion (€18.3bn) in debt, is holding talks with some of its convertible holders about potential new financing, according to a Bloomberg report. Dish is said to have received financing offers from convertible noteholders to provide fresh capital tied to wireless spectrum held at a […]
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 […]