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 d/ES bought Hughes.