EchoStar/Dish raises doubts about 'ability to continue as a going concern'
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- Nov 29, 2003
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Trying to get out of the underwear discussion-
Looks like Dish sold their wireless headquarters and are now leasing it back-
Satellite television giant Dish Network, after kicking off the year with layoffs and completing a $26 billion merger, is cashing out on its Colorado headquarters campus as it races to pay off billions of dollars of debt approaching maturity.
Also from here-
CONX entered into a definitive purchase and sale agreement ... of the commercial real estate property in Littleton, Colorado, comprising the corporate headquarters of DISH Wireless, for a purchase price of $26.75 million
Looks like Dish sold their wireless headquarters and are now leasing it back-
Satellite television giant Dish Network, after kicking off the year with layoffs and completing a $26 billion merger, is cashing out on its Colorado headquarters campus as it races to pay off billions of dollars of debt approaching maturity.
Also from here-
CONX entered into a definitive purchase and sale agreement ... of the commercial real estate property in Littleton, Colorado, comprising the corporate headquarters of DISH Wireless, for a purchase price of $26.75 million
That's alot more than wireless headquarters
No, I am a jock strap wearer. I don't wear underwear to the Ymca. I rarely free ball except when I sleep in my bed. I wear under wear for regular things like going out and visits to the doctor etc.
Yes the Athletic supporter forum.
Interesting, thanks for sharing. LOLNo, I am a jock strap wearer. I don't wear underwear to the Ymca. I rarely free ball except when I sleep in my bed. I wear under wear for regular things like going out and visits to the doctor etc.
Wow. They no longer own the Peanut Gallery. They are in trouble!
- Nov 29, 2003
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Here we go again-
advanced-television.com
Why we are hearing this again, because of UBS-The report come a day after investment bank UBS wrote a note outlining the benefits of a merger between Dish and DirecTV.
DISH open to DirecTV merger
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 (
advanced-television.com
Why we are hearing this again, because of UBS-The report come a day after investment bank UBS wrote a note outlining the benefits of a merger between Dish and DirecTV.
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I don't see this happening since DISH is bleeding subs and cash they need to finish their cell phone network. Directv is in no better condition with their subs leaving just as fast. Satellite TV is soon to be relic of the past like VCRS and 8 track tapes and cassettes. I don't see either satellite company lasting through this decade with or without a merger.
Hearing what? It is a three paragraph post on a blog, that vaguely references Bloomberg as a source, with no link. And the end of the post says: "There is this far no formal comment from either business." which makes the article title [echo]CLICKBAIT[/echo].Here we go again-
DISH open to DirecTV merger
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 (
Why we are hearing this again, because of UBS-The report come a day after investment bank UBS wrote a note outlining the benefits of a merger between Dish and DirecTV.
- Nov 29, 2003
- 15,854
- 20,312
- Nov 29, 2003
- 15,854
- 20,312
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 restrained in terms of the amount of cash it has available to invest in its cellular network deployment and by more than 50 per cent. The report asks: “But the lower spending brings into question the viability of its network. In any case, free cash flow will likely be too modest to lead to meaningful debt reduction.”
At year end EchoStar had more than $2.4 billion in cash, equivalents, and marketable investment securities, aided by the recent merger. But roughly $1 billion was needed for the convertible notes that matured last week. So, EchoStar does not have sufficient funds to pay the $2 billion bond maturity in November. We are extremely doubtful that the company will be able to handle the $9 billion of maturities in 2026.”
EchoStar held discussions with a group of creditors regarding potential exchange offers that would have extended debt maturities and reduced the amount outstanding. However, the offers were rejected by debt holders. One rating agency considered the exchanges to be equivalent to a default.
advanced-television.com
The report expects EchoStar to be restrained in terms of the amount of cash it has available to invest in its cellular network deployment and by more than 50 per cent. The report asks: “But the lower spending brings into question the viability of its network. In any case, free cash flow will likely be too modest to lead to meaningful debt reduction.”
At year end EchoStar had more than $2.4 billion in cash, equivalents, and marketable investment securities, aided by the recent merger. But roughly $1 billion was needed for the convertible notes that matured last week. So, EchoStar does not have sufficient funds to pay the $2 billion bond maturity in November. We are extremely doubtful that the company will be able to handle the $9 billion of maturities in 2026.”
EchoStar held discussions with a group of creditors regarding potential exchange offers that would have extended debt maturities and reduced the amount outstanding. However, the offers were rejected by debt holders. One rating agency considered the exchanges to be equivalent to a default.
Analyst: EchoStar still under pressure
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
advanced-television.com
Charlie better get out there, and get up a really GOOD poker game!
Well, that article did a good job copying the other articles on the subject.
Ergen's future remains tied to the monetization of the 5G network. That is where the growth in revenue is available. With revenue growth comes lending viability and the issue of debt starts to fade. The questions are:
- is the network built out enough to make money
- who is/are the paying clients
Ergen's future remains tied to the monetization of the 5G network. That is where the growth in revenue is available. With revenue growth comes lending viability and the issue of debt starts to fade. The questions are:
- is the network built out enough to make money
- who is/are the paying clients
- Nov 29, 2003
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If you read the first line, analysts at Bond research specialist, Gimme Credit, they did a report on Echostar last week, hence the new story.
We are going to see a lot more of these stories, as Echostar tries to handle the mounting debt, via investment , loans, get the bond holders to agree to a new deal, etc.
There will be a lot of stories about DirecTV also, as AT&T has made it know it will be up for sale this summer, they will have to open up the books.
The first one was with Fitch Ratings, in Jan 2024, a report came out that confirmed all of DirecTV is still losing a average of 500,000 per quarter.
That also confirms what I believe, if Dish did not have the 5G money pit, they could of easily outlasted DirecTV, who is about 2 years from being unprofitable.
They need to hurry up, with all the money due by 2026, continue the build out, need a extra $15-20 Billion.
That is another big question, from I read, Boost Mobile Customers are still on Verizon/AT&T/T-Mobile Networks via the sharing agreements they all have.
Why spend the billions when you can just use someone else's network...no maintenance costs that way
- Nov 29, 2003
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Hey we agree, except Dish has already spent billions and will need billions more, so to achieve the 75% of the United States build out.
BLOOMBERG:
"Dish Network Corp., the satellite-TV provider saddled with more than $20 billion in debt and losing customers, has received financing offers from private credit firms, according to people with knowledge of the matter.
Dish has fielded at least one proposal of more than $1 billion for financing that would be linked to a so-called unrestricted subsidiary, or a unit that’s free to incur debt, said the people, who requested anonymity to discuss confidential talks. Among options on the table would be debt that is collateralized by Dish’s wireless spectrum, one of the people said.--------------------------------------------"
"Dish Network Corp., the satellite-TV provider saddled with more than $20 billion in debt and losing customers, has received financing offers from private credit firms, according to people with knowledge of the matter.
Dish has fielded at least one proposal of more than $1 billion for financing that would be linked to a so-called unrestricted subsidiary, or a unit that’s free to incur debt, said the people, who requested anonymity to discuss confidential talks. Among options on the table would be debt that is collateralized by Dish’s wireless spectrum, one of the people said.--------------------------------------------"
Here comes the vulture capitalist to get all the meat off the bones!
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