Echostar prepares potential bankruptcy filing

[Scott Greczkowski]

Paywall.

Coming up for me with no paywall. Lets try a different link.

https://www.marketwatch.com/story/echostar-may-be-considering-this-unusual-way-to-protect-itself-from-the-government-and-the-stock-is-falling-619196b4

 

[Bruce]

Coming up for me with no paywall. Lets try a different link.

https://www.marketwatch.com/story/echostar-may-be-considering-this-unusual-way-to-protect-itself-from-the-government-and-the-stock-is-falling-619196b4

While the first payment missed was linked to the wireless spectrum and the FCC problem.

The second payment missed is linked to to the Satellite TV service, nothing to do with the spectrum.

The owner of Dish TV and Boost Mobile said after Monday's closing bell that it wouldn't make a $183 million cash interest payment related to its Dish DBS company due that day. The missed payment came after the company last week chose not to make a $326 million interest payment related to its spectrum business.

https://www.marketwatch.com/story/echostar-shares-fall-after-skipping-another-interest-payment-amid-fcc-review-b3da9307?mod=markets

 

[nelson61]

Bankruptcy imminent?
Classic case of a well planned bankruptcy.

Get everything you can into cash.
The judge will likely let you keep it to fund continuing operations

 

[Yespage]

FCC's Push to Let SpaceX Use EchoStar's Spectrum Gets Weird and Ugly

In a surprise, an outgoing GOP commissioner slams the FCC's effort to pull EchoStar's exclusive access to 2GHz spectrum, something SpaceX wants for its cellular Starlink service.

www.pcmag.com

"EchoStar's network, which incorporates components from dozens of diverse vendors, stands in stark contrast to how traditional, closed-architecture networks are built," a group of suppliers, including Samsung and Dell Technologies, told the FCC last month. "Any undue regulatory action that halts or imperils EchoStar's network deployment or its licenses would adversely impact this significant investment in Open RAN technology and cast doubt on the innovation."

That is some hefty back up for Echostar.

Even if the FCC finds in favor of Musk... I mean SpaceX, Echostar should have an easy case in the courts. They bought. Unless there is a specific usage threshold by a particular date, there would be no justification for the illegal seizing of the purchased spectrum.

 

[lonrhodes1]

Spectrum squatting? Not sure about that. The attached doc shows what Echo/DISH/Boost have done (and spent BILLIONS ON) regarding the standards bodies for the last few years. If even half of this is true then I agree, they stink at tooting their own horn. Can they be the 1 wireless service in the USA that's totally vertically integrated? dunno, maybe...

 

[Juan]

That is some hefty back up for Echostar.

Even if the FCC finds in favor of Musk... I mean SpaceX, Echostar should have an easy case in the courts. They bought. Unless there is a specific usage threshold by a particular date, there would be no justification for the illegal seizing of the purchased spectrum.

The only thing dish purchased was a license

 

[NYDutch]

The only thing dish purchased was a license

I think we're all aware that the FCC doesn't hand you a box with all that spectrum in it. Of course it's licensed...

 

[EarDemon]

Paywall.

What's a paywall?

Bypass Paywalls Clean is your friend

 

[fmj77]

Zero dollars and no internet service. That is great if you live where you can get OTA. I can get exactly zero channels via OTA.

He's fortunate in that he can point the antenna between 2 hillsides directly to a repeater tower 40 miles away. I am not so fortunate due to the location of my home.

 

[fmj77]

I assume he is not picky about his channels / networks.

Correct. He's really only interested in the major network stations and a few of their sub channels.

 

[fmj77]

As long as you can stomach the prescription, supplemental life insurance, you may be entitled to compensation, let's tell you about the scam called annuities, etc... ads. OTA can provide a huge amount of options, but the ads on some of these things can be brutal. As far as internet, my parents had signed up for a senior package that provides 10 Mbps for $20 or something. It sucks for updates, but to stream the FAST channels that are becoming common on new TVs, it is perfect.

My neighbor has no interest in the internet. We got Spectrum fiber in our neck of the woods last year and he only had it for a few months before he cancelled.

 

[fmj77]

It's just the haters spouting the same old nonsense. Why they are even here on the Dish forum is a mystery, considering how much they hate Dish.

Did I ever state I hated Dish? I was a Dish customer for nearly 15 years and was very satisfied with the service. I only cancelled when I got in on the Starlink beta and realized I didn't need Dish anymore.

 

[Juan]

Correct. He's really only interested in the major network stations and a few of their sub channels.

Stuck in the 70s I see.back when all you needed was 2 or 3 OTA channels...sad part is the content was about 10x better back then