No news services are reporting this. Only you. If you are correct…TPG deserves to lose their $2.5 billion. But I am going to need proof that TPG would be that stupid.But that is what they appear to have done.
Never play cards with Charlie.
No news services are reporting this. Only you. If you are correct…TPG deserves to lose their $2.5 billion. But I am going to need proof that TPG would be that stupid.But that is what they appear to have done.
Never play cards with Charlie.
No I really don’t think they are that stupid.THINK!
Do you REALLY think they are THAT stupid?
Not likely. More to the story coming
A useful simplified explanation. Funny; the first communications satellite, Echo I, WAS a passive reflector.A satellite is basically a big mirror mirror that bounces radio waves off of it that are being sent to it. (Of course there is more to it, but I said it in simplest form) 😀
This is what my contacts have been telling me all along. Haven't found a reason to doubt them yet.THINK!
Do you REALLY think they are THAT stupid?
Not likely. More to the story coming
Again, if true, a astounding bad decision on TPG part, that is why it is so hard to believe.This is what my contacts have been telling me all along. Haven't found a reason to doubt them yet.
Again, until Echostar can prove they can monetize the spectrum, they are not in a good place, losing 3 Million out of 10M Cell Phone Subscribers in just 4 Years, after multiple marketing attempts, is not a good sign.Business as usual and now DISH sits in a very good place.
How can Dish buy DirecTV when they are going bankrupt?As I said many… many times.
I see Dish buying Directv.
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Charlie is going to a gambling casino with TPG $2.5 billion and he will risk it all on the craps table . Then he will double his money and come out ahead.How can Dish buy DirecTV when they are going bankrupt?
Based on when debt is due for Echostar, they will hold on a lot longer then DirecTV.How can Dish buy DirecTV when they are going bankrupt?
I have to ask...does this really seems feasible that TPG would just piss away more than $2 billion dollars? All of the articles available state that DISH received "financing" agreements in September. Financing is not free in the financial world. Financing is a loan.This is what my contacts have been telling me all along. Haven't found a reason to doubt them yet.
Business as usual and now DISH sits in a very good place.
The debt exchange was not successful...at least so far.Now, DirecTV is walking away from the plan. “A successful [debt] exchange was a condition for acquiring the Dish video business,” a DirecTV spokesperson said Wednesday in an email sent to The Washington Post and other news organizations. “Given the outcome of the EchoStar exchange, DirecTV will have no choice but to terminate the acquisition of Dish by midnight Nov. 22.”
In a note Wednesday, Craig Moffett, an analyst for MoffettNathanson, said EchoStar is “all but insolvent” after the bondholders’ rejection of the debt terms. The simplest path to get the deal back on track, Moffett wrote, would be for TPG Capital, the private equity firm that would own the merged DirecTV/Dish Network, to “sweeten the deal” for bondholders, but that seems unlikely since the companies have already attempted to boost the value of the proposed swap.
By Nov. 22, should have more answers.I have to ask...does this really seems feasible that TPG would just piss away more than $2 billion dollars? All of the articles available state that DISH received "financing" agreements in September. Financing is not free in the financial world. Financing is a loan.
From the Washington Post today:
The debt exchange was not successful...at least so far.
Also from that same article:
Yes but that new funding is just adding more debt. Kicking the can down the road. They are in this predicament because of debt. Their solution seems to be "lets add some more debt".As far as Echostar being insolvent as reported by Moffett, I have read Echostar received $5B in new funding, I have no idea if that was related to the merger, but that and the $2B takes care of the debt for 2024 and 2025.
It will bit them in the end if they cannot turn things around, but still safe for a couple of years.Yes but that new funding is just adding more debt. Kicking the can down the road. They are in this predicament because of debt. Their solution seems to be "lets add some more debt".
I thought I read that $5 billion was based on their own bandwidth they own. They used it as collateral to secure additional financing. Even though I don't think they can even touch it to sell if they wanted to till 2026.By Nov. 22, should have more answers.
And I am agreement with you, makes no sense they would just give away $2 Billion, TPG is a big equity firm, but not that big.
As far as Echostar being insolvent as reported by Moffett, I have read Echostar received $5B in new funding, I have no idea if that was related to the merger, but that and the $2B takes care of the debt for 2024 and 2025.
But they will still need more cash to continue the build out and the expansion plans they laid out to the FCC, as conditions for changing the deadline, but since they are losing money every quarter, maybe that is what he is referring to.
Rearranging the chairs on the deck of the Titanic as the ship sinks after hitting the iceberg. All while the band keeps on playing.It will bit them in the end if they cannot turn things around, but still safe for a couple of years.