Dish/Echostar 1st Quarter Report

[Bruce]

The number of satellite tv subscribers continues to decrease at a linear rate.

View attachment 181456

It also looks like Boost Mobile is no longer the #4 mobile phone provider.

Charter/Spectrum 10.4 Million

Comcast now has 8.14 Million

Boost Mobile 7.2 Million

https://ir.charter.com/news-releases/news-release-details/charter-announces-first-quarter-2025-results

Comcast leans into wireless and 'convergence revenues'

Comcast CFO Jason Armstrong expanded on the op's greater focus on mobile, believing it will accelerate line growth in 2025. Led by a new five-year price lock, Comcast also has a 'sense of urgency' to improve broadband subs trends.

www.lightreading.com

 

[dishdude]

Things are really looking bleak for Dish, is there any positive news lately?

 

[navychop]

Employee paychecks are still clearing.

 

[dishdude]

Employee paychecks are still clearing.

Last week's did...

 

[Bruce]

Things are really looking bleak for Dish, is there any positive news lately?

Nope, missed a $326 Million interest payment-

The company, which generated $1.56 billion in EBITDA over the last twelve months, has chosen not to make a scheduled $326 million interest payment due today on its 10.75% senior spectrum secured notes due in 2029.

Then this-

According to InvestingPro data, EchoStar operates with a significant debt burden, with total debt standing at $30.07 billion..

The company, currently valued at $5.8 billion in market capitalization.

https://www.investing.com/news/sec-filings/echostar-delays-326-million-interest-payment-amid-fcc-review-93CH-4072688

https://www.investing.com/news/sec-filings/echostar-opts-not-to-pay-326-million-interest-amid-fcc-review-93CH-4072674

 

[Bruce]

And more-

"In our view, the initial FCC filings could be interpreted as a 'shot across the bows' of EchoStar who have struggled to build a sustainable wireless business, even with the better April KPIs they are a very long way from being profitable. We do believe there is a growing case (and arguably the FCC review could be a catalyst for this) to sell their wireless spectrum (c. 130Mhz) and possibly wireless subscribers to the existing 3 wireless carriers (something the ex-FCC chair Tom Wheeler recently suggested may be possible in an event we hosted). This may come with a big spectrum spend cost but could remove a significant long-term overhang (a deep pocketed investor buying the SATS wireless operations) for the wireless industry."

Bank: "FCC fires shot across the bows at EchoStar"

Earlier in May the FCC launched a review into EchoStar’s compliance with certain 5G wireless coverage obligations (as part of their efforts to build the fourt

www.advanced-television.com

 

[nelson61]

Sounds like Echostar said, why should we pay 326 million for something we may soon lose.
Non payment started a 30 day clock for default so look to the first of July to see if they pay or fold.

 

[telstar_1]

I presume charlie has counted the cards