Looks like It’s official Directv Buying Dish

[Juan]

In different order...Sirius radios use different technology then XM..
Because of bandwidth constraints one has more channels than the other

Just to clarify

The main difference between Sirius Radio and XM Radio is the platform that the radio is built on, which determines which subscription plans are available:

• Sirius Radio: The Sportster and Starmate radios are on the Sirius platform and receive Sirius plans.
• XM Radio: The Onyx and XM3pi radios are on the XM platform and receive XM plans.
• SiriusXM Radio: The Lynx and Edge radios are on the SiriusXM platform and receive SiriusXM plans.
  
  

 

[nelson61]

The state of affairs.

Charlie sold sling and satellite tv for 1 dollar to get his name off 9-10 billion debt and get a couple billion new loan for the wireless business.

Basically saying the value of the tv business is equal to the debt service payments associated with the tv business

 

[nelson61]

All the talk of bankruptcy, etc. was "sky is falling" talk. He pulled it off again and has a good chance of doing very well in the wireless business.

 

[TRG]

They have a website up now.

DIRECTV - Home

DIRECTV has agreed to acquire EchoStar’s video distribution services, DISH DBS (“DISH”) and Sling TV.

www.brightertvfuture.com

"Lower price points" that's hilarious. 😆

 

[MikeD-C05]

Who buys a phone anymore?

I do. I have always owned my phones and do not like monthly payments that add to my bill. But I don't spend over $500.00 tops. Still have the same phone I bought in early 2021.

 

[MikeD-C05]

All the talk of bankruptcy, etc. was "sky is falling" talk. He pulled it off again and has a good chance of doing very well in the wireless business.

He has yet to pull it off. Still has to clear the federal regulators and the Stock holders who are already suing him for the change out of stock when he merged with Echostar. Now it will be a $1.57 billion dollar hair cut for stock holders to have the stock converted into stock for the merged company TPG. If either one doesn't approve this what would happen then? It would take to the summer of 2025 before the deal is completed I heard on CNBC today.

 

[nelson61]

The deal indicates Dish/Sling has more debt service than the physical assets and income stream from operations.
Directv basically bought Dish equipment, team, customers, and good will for the cost of extending Echostar a couple billion dollar loan. This cost will be $0 if the Echostar wireless business is successful.

The bondholders will squeal and howl but the alternative to not taking a relatively small loss, is to take a really big one by pushing a bankruptcy.

 

[nelson61]

Bloomberg

An ad hoc group of Dish bondholders — advised by Lazard Inc. and Milbank — will gather on a call Tuesday to discuss next steps and consider their response, according to people familiar with the matter who asked not to be identified because the discussions are private. Just over two-thirds of DBS bondholders in each series of notes have to agree to the exchange, with the deadline set for Oct. 29.

Key to all of it is a proposed exchange to help finance a portion of the transaction, which would require holders of five different series of Dish notes worth $9.75 billion to agree to take a principal loss of at least $1.568 billion on their holdings. Obtaining an agreement is far from guaranteed and there are early indications that at least some noteholders see the terms as inadequate, even if the deal as a whole makes sense and would create a stronger company.

“You need participation from the DBS bondholders and there’s a haircut of around $1.6 billion which is a big number,” said Stephen Flynn, senior credit analyst at Bloomberg Intelligence, referring to debt issued by Dish’s DBS unit. “There are a lot of things that still need to get done.”

 

[reubenray]

How does this affect my contract renewal in January?

 

[Bobby]

How does this affect my contract renewal in January?

Probably not at all. Nothing is going to happen by January, probably not even June.

 

[SandFarmer]

DIRECTV Officially Buys DISH For $1 Plus Debt Creating The Largest Pay-TV Service In The United States | Cord Cutters News

In a landmark move that reshapes the pay-TV landscape, DirecTV and Dish Network today announced a definitive agreement to sell with DIRECTV, buying a majority of the company. This news comes on the heels of AT&T’s complete divestiture of DirecTV, selling its remaining 70% stake to TPG and...

cordcuttersnews.com

"I'll buy that for a Dollar!"

"Ah HaHahahahaha!" Just dumped d¡sh last night.
AND . . . I left Hughes right before they bought them.

 

[HipKat]

"I'll buy that for a Dollar!"

"Ah HaHahahahaha!" Just dumped d¡sh last night.
AND . . . I left Hughes right before they bought them.

Hughes didn't get sold

 

[SandFarmer]

Hughes didn't get sold

This was way back when ES bought Hughes.
- 2011
"Hughes Communications was spun-off as an independent public company in 2007 and was acquired by EchoStar for about $2 billion in 2011. In May 2024, Dish Network and Hughes Network Systems, both Echostar companies announced a new bundled service of Dish satellite TV with Hughesnet satellite internet."

 

[mattb]

"Lower price points" that's hilarious. 😆

I find that funny coming from D* TV. I was a original DirecTV Streaming customer who was paying $20 a month when they first launched and when I finally got around to cancelling because it got to high, I was paying $80 a month (which is more then Spectrum cable charges for whatever cable line up today).

Currently have Sling TV Blue because I need a specific cable news network, and I fear once D* gets their dirty hands-on Dish those days of $40 a month Sling TV will be a distant memory.

 

[Don in CT]

Now for the most important question as this deal closes. Does Satelliteguys combine the forums?

If you take on the debt from that forum.

 

[scoob83]

Hopefully get to see RSNs on Dish again once this goes through. NESN has been a big pain point and their online service is unwatchable.


Sent from my iPhone using Tapatalk

 

[ncted]

Who buys a phone anymore?

I do. I have always owned my phones and do not like monthly payments that add to my bill. But I don't spend over $500.00 tops. Still have the same phone I bought in early 2021.

Yeah, almost everyone buys phones unless you get it from Lifeline due to your economic situation. Whether the cost is in your monthly payment or not, you're paying for it. I personally buy phones separate from my service for two reasons:

1. It costs me less. I pay less for the service (currently about $21/month for way more high-priority data than I need), and I avoid the activation fees when upgrading to a new phone.
2. I get unlocked iPhones, so I can add/remove/change wireless providers based on my needs without having to deal with a wireless company to unlock the phone. I use my Target Red Card to buy Apple gift cards when they are on special which saves me around 14% on the actual phone purchase.

 

[Juan]

He has yet to pull it off. Still has to clear the federal regulators and the Stock holders who are already suing him for the change out of stock when he merged with Echostar. Now it will be a $1.57 billion dollar hair cut for stock holders to have the stock converted into stock for the merged company TPG. If either one doesn't approve this what would happen then? It would take to the summer of 2025 before the deal is completed I heard on CNBC today.

Uhh..he sold dish to the larger stock holders for $1

 

[John2021]

That's actually a pretty good idea, if it goes that way. I know a LOT of customers have had both and really did not like DTV. I'm sure there are plenty of DTV customers that can say the same about Dish but having had both, I hated DTV. Horrible Customer Service (Not like Dish's is spectacular in too many cases), horrible signal issues, substandard e equipment, other than their Wireless Receiver technology. I see streaming getting a BIG boost out of this once the TV service gets sorted out

i wonder what DTV customer service will be like going forward since AT&T is selling there stake. wich could be a good thing or a disaster. but AT&T completely screwed up DTV. customer service has seemed to have gotten a little better vs the days of covid when customer service was the pitts!!! from a recent experience with tech support we have gotten csr's in america and not over seas wich is a plus!!! though a little while after covid DTV seemed to be cleaning up some of there over seas csr's when the share holders started worrying we had a good experience with some of them!!!

 

[John2021]

But for that $5 you would have to absorb the billion dollar plus debt. Are you sure you want to do that!

id'e let em go bankrupt and buy everything for pennies on the dollar. as a sane person id'e question myself if either one is worth billions of dollars anymore!!!