Today at 10:30 a.m. ET on CNBC, Hamid Akhavan, Echostar CEO, Will answer questions about the DTV-DISH TV merger.
DTV & DISHTV, Wife said she heard they are merging next week on CNBC today?
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So Directv after absorbing much of DISH's debt of $9.5 billion and only paid $1 for DISH and Sling TV then ATT sold it's 70% majority to TPG and now they are owners of both Directv and DISH. Then Echostar will receive $2.5 billion buyout from TPG that they will use to pay on their upcoming debt payment for Nov. 15. So Neither ATT or Echostar will receive any monthly profits anymore from the combined company. But Charlie found a way to continue his build out and stay on track to keep Boost afloat.
But it is contingent on DISH DBS stockholders taking a $1.57 billion hair cut on their stock and they have to convince them to be stockholders of the new merged company. Also federal regulators have to approve the entire deal as well. But I had read that DISH stockholders were already mad when they merged with Echostar a month or so back. So I don't know how they will take this hair cut.
But it looks like Echostar will still make the receivers, so there is that revenue coming in. I take it they can slam a Directv name on the receiver instead of DISH. It sounds like they will be using the idea of smaller programming packs like DISH and Sling Tv have and it also sounds like they might be interested in using the DISH plus receiver, so they can combine all the streaming apps in one interface with the sat receiver.
I just wonder if TPG will keep some of the DISH tech people to go to the new company and help with the running of the new combined company.
But it is contingent on DISH DBS stockholders taking a $1.57 billion hair cut on their stock and they have to convince them to be stockholders of the new merged company. Also federal regulators have to approve the entire deal as well. But I had read that DISH stockholders were already mad when they merged with Echostar a month or so back. So I don't know how they will take this hair cut.
But it looks like Echostar will still make the receivers, so there is that revenue coming in. I take it they can slam a Directv name on the receiver instead of DISH. It sounds like they will be using the idea of smaller programming packs like DISH and Sling Tv have and it also sounds like they might be interested in using the DISH plus receiver, so they can combine all the streaming apps in one interface with the sat receiver.
I just wonder if TPG will keep some of the DISH tech people to go to the new company and help with the running of the new combined company.
Squeezed in one more switch under the wire.
No mention of a charge for the install this morning.
I did look into YTTV, one very important channel missing, Lifetime. Gotta keep the Mrs. happy!
It is absolutely true. DirecTV bought Dish today (Monday, Sep. 30) for a symbolic $1 (not a typo). They will assume Dish's 9.8 billion debt. All of this requires regulatory approval. You can read about it in the Wall Street Journal (wsj.com). What the impact on employees, tech support and their customers will be, I have not heard anything. Certainly, they must have discussed that. The acquisition might increase their leverage when negotiating with content providers. So, the impact on us as customers is currently unknown. The Sirius-XM merger seems to have gone well. Perhaps this will, too.
- Nov 29, 2003
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That was posted here it was changed back to a free install with the 2 year contract.
Anytime competition is reduced, prices do not remain the same or decrease, they always go up. At least that has been my experience.
Just received an email from DirecTV showing the price $30.47 higher per month than what I was told over the phone when I placed the order. Customer service could not explain how the phone rep got to the price that I was quoted.
Install cancelled, looks like I'll stay with Dish and the retention deal that they offered.
Install cancelled, looks like I'll stay with Dish and the retention deal that they offered.
if you have more than one person living in your household. you could try swapping between you and your wife. you sign up for the first two years then cancel then your wife signs up for another two years getting all the wheels and deals!!! DIRECT isn't as bad as it once was as soon as we call in to cancel they start offering us the moon and the stars as i am sure they don't want to loose any more customers.
we just got our DTV bill and it's 131.99 we have 2 rooms the premier package and mgm+ with the hd movies pack
. that's good for two years no contracts since were using the same boxes!!! with the exception of the gemini upgrade wich is a 12 month.Looking forward to Directv bringing MeTV to us DISH folks. I still miss my Svengoolie. But I've been with DISH for 27 years and counting. It'll be interesting.
You guys realize there’s at least two years before anything really changes, right?
To close the deal, but that doesn't mean the next day the world is going to change. Even with some contingencies in place to put in motion upon finalizing the deal, no one is going to devout any real money without a signed deal, first
Yes, in order for it to close. It requires votes from both the TPG and DISH Network shareholders and also clearing FCC, FTC, DOJ among other things and what party wins the POTUS so it maybe more than 2 years as there are lots of things involved. If they were private companies, then it's different but TPG, DISH are both publically traded companies.
I find this automiscorrect hilarious! Yep, some people are real devout about money!
Echostar is, not as much Dish. Didn't realize private equity firms were going public. I can't see Echostar voting this down. How much of TPG is in the wild to vote it down?
I didn't either until I remember TPG Capital was the same company that bought out RCN/Astound, Wave, and also Entouch in the Houston area.
I feel confident the government agencies will not vote this down but the initially reported 1.6 Billion dollar loss to investors is hard to stomach for anyone that can't be convinced that in the long run, it has the potential to be profitable
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