공시 • Oct 01
DIRECTV Holdings, LLC entered into an agreement to acquire DISH DBS Corporation from DISH Network Corporation for $1. DIRECTV Holdings, LLC entered into an agreement to acquire DISH DBS Corporation from DISH Network Corporation for $1 on September 29, 2024. DISH Network Corporation will sell and transfer to DIRECTV Holdings all of the issued and outstanding equity interests of DBS in exchange for a total cash purchase price of $1.00 plus the assumption of net debt of DBS and its subsidiaries that is outstanding as of the DIRECTV closing. Upon the completion of such transactions, DBS will become a direct and wholly-owned subsidiary of DIRECTV Holdings, LLC. Upon closing of this transaction, DIRECTV will be led by management team of both organizations and will continue to be led by Bill Morrow, DIRECTV’s Chief Executive Officer, and Ray Carpenter, DIRECTV’s Chief Financial Officer. The transaction is subject to FCC and HSR Act regulatory approval. The transaction is subject to a minimum closing cash condition, that requires that at the DIRECTV Closing, DBS together with its subsidiaries have an aggregate amount of at least $400 million of cash, subject to certain upward adjustments of such $400 million amount. The transaction is also subject to regulatory approval. The transaction, which the boards of directors of both companies have unanimously approved, is expected to close in the fourth quarter of 2025.
Jason Freedman, Minh-Chau Le and James Davis of Ropes & Gray, LLP acted as legal advisor to DIRECTV. Neeta Sahadev of White & Case LLP acted as legal advisor to EchoStar. PJT Partners is acting as lead financial advisor to DIRECTV. J.P. Morgan is acting as lead financial advisor to EchoStar. BofA Securities, Evercore, LionTree and Morgan Stanley also provided financial advice to DIRECTV. Ropes & Gray LLP, Crowell & Moring LLP and HWG LLP, are acting as legal counsel to DIRECTV. White & Case LLP and Steptoe & Johnson PLLC are acting as legal counsel to EchoStar. 공시 • Jul 04
Orange Domains, Trust Machines, Tucows, DISH and Hiro Systems Launch its First Top-Level Domain Orange Domains, the partnership connecting onchain utility with domains from Trust Machines, Tucows, DISH, an EchoStar company, and Hiro Systems, has launched its first top-level domain (TLD), .locker. Offering a true Web3-connected solution to its users, .locker will unleash new opportunities for global domain owners while still providing traditional web domain functionality. As a two-part solution, .locker provides both a Web2 domain name and corresponding digital identity, meaning that it is a TLD solution that bridges Web2 domains with Web3 digital identities, tying them to the same user. It is for Web3-curious and Web3-ready users who want the full functionality of their domain name - such as website and email capabilities - and a corresponding Web3 digital identity to use for specific applications like decentralized finance, managing crypto assets, and Web3 social networks. Those who purchase a .locker domain will enjoy all the benefits they have come to expect from premium TLDs, as well as new Web3 interoperability with Bitcoin to trade, hold, and manage their digital assets. The .locker domain's initial launch phase is exclusively for trademark holders registered in the Trademark Clearing House before opening to early access and the general public in September. .locker domains and Web3 digital identity can be renewed at the user's registrar of record where their domain is currently managed. From freelance designers to writers and small businesses, .locker provides a solution that connects customer acquisition through payments and security for domain owners. Orange Domains is grateful to ICANN for its efficient process, and many domain registrars are eager to offer .locker to their users. 공시 • Jan 24
DISH Network Corporation Files Form 15 DISH Network Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share. 공시 • Jan 10
Dish Wireless Receives $50 Million NTIA Grant for 5G Open RAN Integration and Deployment Center DISH Wireless was awarded a historic $50 million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA) to establish the Open RAN Center for Integration & Deployment (ORCID). ORCID will allow participants to test and validate their hardware and software solutions (RU, DU and CU) against a complete commercial-grade Open RAN network deployed by DISH. To date, this grant represents NTIA's largest award under the Public Wireless Supply Chain Innovation Fund (Innovation Fund). ORCID will be housed in DISH's secure Cheyenne, Wyoming campus and will be supported by consortium partners Fujitsu, Mavenir and VMware by Broadcom and technology partners Analog Devices, ARM, Cisco, Dell Technologies, Intel, JMA Wireless, NVIDIA, Qualcomm and Samsung. NTIA Administrator Alan Davidson and Innovation Fund Director Amanda Toman will join EchoStar Co-Founder and Chairman Charlie Ergen, EchoStar CEO Hamid Akhavan, EVP and Chief Network Officer Marc Rouanne and other stakeholders to announce the grant and tour a DISH 5G Open RAN cell site later in Las Vegas. During this event, DISH will outline ORCID's unique advantages, including that it will leverage DISH's experience as the only operator in the United States to commercially deploy a standalone Open RAN 5G network. DISH and its industry partners have validated Open RAN technology at scale across the country; DISH's network covers over 246 million Americans nationwide. At ORCID, participants will be able to test and evaluate individual or multiple network elements to ensure Open RAN interoperability, performance and security, and contribute to the development, deployment and adoption of open and interoperable standards-based radio access networks. ORCID's "living laboratory" will drive the Open RAN ecosystem — from lab testing to commercial deployment. ORCID will combine both lab and field testing and evaluation activities. ORCID will be able to test elements brought by any qualified vendor against DISH's live, complete and commercial-grade Open RAN stack. ORCID will use DISH's spectrum holdings, a combination of low-, mid- and high-band frequencies, enabling field testing and evaluation. ORCID will evaluate Open RAN elements through mixing and matching with those of other vendors, rather than validating a single vendor's stack. DISH's experience in a multi-vendor environment will give ORCID unique insights about the integration of Open RAN into brownfield networks. ORCID's multi-tenant lab and field testing will occur in DISH's secure Cheyenne, Wyoming facility, which is already compliant with stringent security protocols in light of its satellite functions. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.06, the stock trades at a trailing P/E ratio of 2x. Average forward P/E is 11x in the Media industry in Europe. Total loss to shareholders of 86% over the past three years. New Risk • Nov 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.8% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (7.8% net profit margin). 공시 • Nov 02
DISH Network Corporation to Report Q3, 2023 Results on Nov 06, 2023 DISH Network Corporation announced that they will report Q3, 2023 results on Nov 06, 2023 Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Media industry in Europe. Total loss to shareholders of 78% over the past three years. 공시 • Aug 09
DISH Network Corporation (NasdaqGS:DISH) entered into a definitive agreement to acquire EchoStar Corporation (NasdaqGS:SATS) for $1.8 billion. DISH Network Corporation (NasdaqGS:DISH) entered into a definitive agreement to acquire EchoStar Corporation (NasdaqGS:SATS) for $1.8 billion on August 8, 2023. Upon closing of the transaction, EchoStar stockholders will receive 2.85 shares of DISH Network Class A common stock for each share of EchoStar Class A, Class C or Class D common stock and 2.85 shares of DISH Network Class B common stock for each share of EchoStar Corporation Class B common stock they own. Following completion of the merger, existing DISH Network shareholders will own approximately 69% and existing EchoStar shareholders will own approximately 31% of the common stock of the combined company. The combined company will be headquartered in Englewood, Colorado. Hamid Akhavan will serve as President and Chief Executive Officer of the combined company upon closing of the transaction and Charles Ergen will serve as Executive Chairman. John Swieringa, President & COO of DISH Wireless, will be President, Technology & Chief Operating Officer of the combined company. Erik Carlson will continue to serve as President and Chief Executive Officer of DISH Network until closing of the transaction, at which time he will depart the business. The Board of Directors will consist of 11 members: Seven DISH directors, three EchoStar independent directors, and Hamid Akhavan.
The transaction is subject to regulatory approvals, the effectiveness of a registration statement on Form S-4 to register the issuance of DISH Class A Common Stock in connection with the transaction, the receipt of specified foreign direct investment approvals and specified approvals required under domestic and foreign satellite and communication laws and regulations, the shares of DISH Class A Common Stock to be issued pursuant to the Merger being approved for listing on the Nasdaq Global Select Market and customary closing conditions. The transaction was unanimously approved by the Boards of Directors of both companies. The majority shareholder group, which currently has approximately 90% and 93% of the combined voting power of DISH Network and EchoStar Corporation, respectively, has approved adoption of the merger agreement and the issuance of DISH Network common stock required for the transaction via written consent. The transaction is expected to be completed by year-end.
Evercore Group L.L.C. is serving as exclusive financial advisor and fairness opinion provider, and Mark I. Greene, ?Aaron M. Gruber and Jin-Kyu Baek of Cravath, Swaine & Moore LLP are serving as legal counsel to the special committee of the Board of Directors of EchoStar. Daniel G. Dufner Jr. and Michael A. Deyong of White & Case LLP is serving as legal counsel to EchoStar. J.P. Morgan Securities LLC is serving as exclusive financial advisor and fairness opinion provider, and ?Andrew J. Nussbaum and?Zachary S. Podolsky of Wachtell, Lipton, Rosen & Katz are serving as legal counsel to the special committee of the Board of Directors of DISH Network. Scott D. Miller and Scott B. Crofton of Sullivan & Cromwell LLP are serving as legal counsel to DISH Network. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$376 (vs US$0.99 in 2Q 2022) Second quarter 2023 results: EPS: US$376. Revenue: US$3.91b (down 7.1% from 2Q 2022). Net income: US$200.3m (down 62% from 2Q 2022). Profit margin: 5.1% (down from 12% in 2Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in Europe. 공시 • Jun 20
DISH Network Corporation(NasdaqGS:DISH) dropped from S&P 500 Communication Services (Sector) DISH Network Corporation(NasdaqGS:DISH) dropped from S&P 500 Communication Services (Sector) Recent Insider Transactions • Jun 08
Co-Founder recently bought €1.7m worth of stock On the 1st of June, James DeFranco bought around 300k shares on-market at roughly €5.59 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €17m. James has been a buyer over the last 12 months, purchasing a net total of €56m worth in shares. 공시 • May 19
Levi & Korsinsky, LLP Notifies Dish Network Corporation Investors of A Class Action Lawsuit and Upcoming Deadline Levi & Korsinsky, LLP notified investors in DISH Network Corporation of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dish investors who were adversely affected by alleged securities fraud between February 22, 2021 and February 27, 2023. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the Company overstated its operational efficiency and maintained deficient cybersecurity and information technology infrastructure; (ii) as a result of the foregoing, the Company was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; (iii) the foregoing cybersecurity deficiencies also both rendered Dish's operations susceptible to widespread service outages and hindered the Company's ability to respond to such outages; and (iv) as a result, the company's public statements were materially false and misleading at all relevant times. Recent Insider Transactions • May 17
Co-Founder recently bought €17m worth of stock On the 12th of May, James DeFranco bought around 3m shares on-market at roughly €5.70 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of €55m worth in shares. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: US$0.42 (vs US$0.82 in 1Q 2022) First quarter 2023 results: EPS: US$0.42 (down from US$0.82 in 1Q 2022). Revenue: US$3.96b (down 8.6% from 1Q 2022). Net income: US$222.7m (down 49% from 1Q 2022). Profit margin: 5.6% (down from 10.0% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €8.56, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 53% over the past three years. Recent Insider Transactions • Mar 13
Co-Founder recently bought €8.4m worth of stock On the 8th of March, James DeFranco bought around 800k shares on-market at roughly €10.46 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €15m. James has been a buyer over the last 12 months, purchasing a net total of €61m worth in shares. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €10.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.51 per share. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$4.35 (vs US$4.57 in FY 2021) Full year 2022 results: EPS: US$4.35 (down from US$4.57 in FY 2021). Revenue: US$16.7b (down 6.7% from FY 2021). Net income: US$2.30b (down 4.5% from FY 2021). Profit margin: 14% (in line with FY 2021). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. 공시 • Feb 18
DISH Network Corporation to Report Q4, 2022 Results on Feb 23, 2023 DISH Network Corporation announced that they will report Q4, 2022 results on Feb 23, 2023 공시 • Jan 11
Dish Network Corporation Appoints Stephen Bye to Its Board of Directors DISH Network Corporation announced it has named Stephen Bye to its Board of Directors, effective January 18, 2023. Since 2019, Stephen has served as the DISH Wireless Chief Commercial Officer supporting the development and commercialization of the company's standalone 5G network. Stephen will step down from his role as Chief Commercial Officer at DISH Wireless on January 17, 2023, and assume the role of President of the Connectivity division at Ziff Davis. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. President, CEO & Director W. Carlson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to €15.61, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 52% over the past three years. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.78 (vs US$1.06 in 3Q 2021) Third quarter 2022 results: EPS: US$0.78 (down from US$1.06 in 3Q 2021). Revenue: US$4.10b (down 8.0% from 3Q 2021). Net income: US$412.2m (down 26% from 3Q 2021). Profit margin: 10% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. President, CEO & Director W. Carlson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 01
DISH Network Corporation to Report Q3, 2022 Results on Nov 02, 2022 DISH Network Corporation announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 02, 2022 공시 • Oct 14
CONX Corp. in Talks to Buy Boost Mobile CONX Corp. (NasdaqCM:CONX) said on October 12, 2022 that it has begun preliminary discussions to acquire retail wireless unit of DISH Network Corporation (NasdaqGS:DISH), Boost Mobile LLC. The special-purpose acquisition company (SPAC) said it will appoint a special committee of independent and disinterested directors to evaluate and approve the terms of any deal with the pay-TV and wireless carrier. Dish confirmed that it was in preliminary talks with CONX. "We do not intend to provide further updates unless and until those discussions conclude in agreement as to a transaction," a company spokesperson said in an email to Reuters. CONX also asked its stockholders to vote in favor of a proposal to extend the date by which it must complete a business combination with Boost Mobile from November 3, 2022 to June 3, 2023. A special meeting of its stockholders will be held on October 31, 2022, it added. 공시 • Sep 19
DISH Network Corporation(NasdaqGS:DISH) dropped from FTSE All-World Index (USD) DISH Network Corporation(NasdaqGS:DISH) dropped from FTSE All-World Index (USD) Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 16% share price gain to €19.37, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 41% over the past three years. Recent Insider Transactions • Sep 10
Co-Founder recently bought €1.9m worth of stock On the 6th of September, James DeFranco bought around 110k shares on-market at roughly €16.89 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €3.5m. James has been a buyer over the last 12 months, purchasing a net total of €38m worth in shares. 공시 • Sep 08
DISH Network Announces the Nationwide Launch of its New Hopper Plus Entertainment System DISH Network announced the nationwide launch of its new Hopper Plus entertainment system. Three new 4K devices — Hopper Plus, Joey 4 and Wireless Joey 4 — are now seamlessly integrated with the award-winning Hopper whole-home DVR system. Hopper Plus makes TV easy with everything built into the user's DISH Home screen, including live TV, On Demand, their favorite streaming apps, and smart shelves including "On Now," "Your Games On Now & Upcoming" and "Recent Recordings." Powered by Android TV, Hopper Plus users have access to Google Play, including 10,000+ apps, spanning games, video streaming and music. The simple design and innovative functionality of the Hopper Plus make accessing movies and shows faster than ever. Users can now watch all of their entertainment in one place without switching inputs or remotes. The new Hopper Plus and Joey devices add to the Hopper's industry-best experience with 2,000 hours of DVR recordings, enhanced search capability, over 60,000 free On Demand titles, and AutoHop, which allows customers to skip commercials on select recordings. Users can also watch all their live and recorded TV shows anywhere with the DISH Anywhere app. In addition to Hopper Plus, the next-generation system includes two new Joey receivers, a wired and wireless Joey 4. The Joey 4 devices extend the Hopper Plus capabilities and deliver 4K HDR video to any room in the house. The DISH Voice Remote, with Google Assistant, allows customers to use their voice to search for movies and shows, change channels, check the weather, open apps and manage various smart home devices, all on their TV. Chromecast built-in allows users to cast a video directly from their phone to the TV, quickly displaying content from any supported mobile app. Recent Insider Transactions • Aug 21
Co-Founder recently bought €2.9m worth of stock On the 17th of August, James DeFranco bought around 160k shares on-market at roughly €18.22 per share. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of €27m worth in shares. Recent Insider Transactions • Aug 11
Co-Founder recently bought €79k worth of stock On the 5th of August, James DeFranco bought around 4k shares on-market at roughly €18.37 per share. In the last 3 months, they made an even bigger purchase worth €23m. James has been a buyer over the last 12 months, purchasing a net total of €23m worth in shares. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.99 (vs US$1.27 in 2Q 2021) Second quarter 2022 results: EPS: US$0.99 (down from US$1.27 in 2Q 2021). Revenue: US$4.21b (down 6.2% from 2Q 2021). Net income: US$522.8m (down 22% from 2Q 2021). Profit margin: 12% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 3.1% compared to a 6.2% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. 공시 • Jul 30
DISH Network Corporation to Report Q2, 2022 Results on Aug 03, 2022 DISH Network Corporation announced that they will report Q2, 2022 results on Aug 03, 2022 공시 • Jul 22
DISH TV and SLING TV Bring Premium Spanish-Language Streaming Service ViX+ to Customers DISH Network announced the nationwide launch of ViX+ on DISH TV and SLING TV, enabling customers to subscribe to ViX+ directly through its platforms. ViX+ is the premium tier of ViX, the first large-scale global streaming service created specifically for the Spanish-speaking world, featuring more than 10,000 hours of entertainment programming and 4,000 hours of premium live sports coverage in the U.S. in its first year. ViX+ is the only Spanish-language streaming service in the U.S. with coverage of the UEFA Champions League, Europa League, and Conference League matches. Subscribers will have access to more than 70 ViX+ original series and movies in the first year, which represents, on average, at least one new original per week. Exclusive premium original series available at launch include María Felix, La Doña, which tells the story of the beloved Mexican actress and singer, La Mujer del Diablo, a drama about an unconventional love story of obsession and revenge, and Mi Vecino El Cartel, a docuseries executive produced by Selena Gomez that explores how the murder of Juan Guerrero Chapa uncovered the tentacles of the Mexican cartels in the U.S. During the month of July, ViX+ subscribers will also be able to watch global premieres of highly anticipated films, including Mirreyes contra Godinez 2, 'El Retiro' and Enfermo Amor. Recent Insider Transactions • May 17
Independent Director recently bought €92k worth of stock On the 12th of May, George Brokaw bought around 5k shares on-market at roughly €18.31 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €73k more in shares than they have sold in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$4.33b (down 3.7% from 1Q 2021). Net income: US$432.7m (down 31% from 1Q 2021). Profit margin: 10.0% (down from 14% in 1Q 2021). Over the next year, revenue is expected to shrink by 1.2% compared to a 694% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 공시 • May 04
DISH Network Corporation to Report Q1, 2022 Results on May 06, 2022 DISH Network Corporation announced that they will report Q1, 2022 results Pre-Market on May 06, 2022 공시 • Apr 01
DISH Network Announces Executive Changes On March 29, 2022, the Board of Directors appointed Mr. Narayan R. Iyengar as Executive Vice President and Chief Operating Officer of DISH Network, effective March 31, 2021. Mr. Iyengar will serve as the principaloperating officer of DISH Network taking over those responsibilities from Mr. John W. Swieringa, President and Chief Operating Officer of DISH Wireless. Mr. Swieringa will continue to have responsibilities over operationsof DISH Network's Wireless segment as its President and Chief Operating Officer. Mr. Iyengar, age 47, brings over 20 years of experience in business championing operational transformative initiatives and building frictionless omnichannel customer journeys at leading global companies. Since November 2021, Mr. Iyengar has served on the board of directors, audit committee and executive compensation committee of Build-A-Bear Workshop Inc. Mr. Iyengar also served in leadership roles at McKinsey & Company and has worked with various founders of growth-stage, venture-backed companies as an advisor, interim executive, and board member. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 21% share price gain to €28.17, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Media industry in Europe. Total loss to shareholders of 2.4% over the past three years. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.56 (up from US$3.36 in FY 2020). Revenue: US$17.9b (up 15% from FY 2020). Net income: US$2.41b (up 37% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 710% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €26.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Media industry in Europe. Total returns to shareholders of 1.1% over the past three years. 공시 • Jan 13
DirecTv and Dish Network Reportedly in Fresh Talks to Merge DIRECTV, LLC and DISH Network Corporation (NasdaqGS:DISH) are in fresh talks to merge after years of on-again, off-again wrangling and multiple clampdowns from federal antitrust officials, The Post has learned. The satellite-TV giants attempted a merger nearly two decades ago but the Federal Communications Commission and the Justice Department’s antitrust division stopped it. Two years ago, the DOJ also quietly warned executives off a prospective deal, concerned about the nascent rollout of 5G, sources said. Now, however, insiders are optimistic a Dish-DirecTV deal could pass regulatory muster as concerns about the market power of the struggling companies have waned, sources said. Talks between the satellite-TV giants are being pushed forward by private-equity behemoth TPG Capital, L.P., according to sources close to the situation. “TPG is driving the conversations. They want their investment back,” a source close to the situation said. But Dish Chairman Charlie Ergen appears to be dragging his feet on finalizing a deal, demanding significant voting shares and a say in key decisions at the combined company despite his minority position, according to sources. “They’re actively having conversations and trying to iron out the details,” a source added. Officials at DirecTV and Dish declined to comment. TPG also declined to comment. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$1.06 (vs US$0.96 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$4.45b (down 1.8% from 3Q 2020). Net income: US$557.0m (up 10% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. 공시 • Aug 20
EchoStar Corporation Announces Proposed Settlement Has Been Reached on Behalf of Holders of EchoStar Common Stock as of August 19, 2019 that Received Shares of Class A Common Stock of DISH Networks Corporation EchoStar Corporation any record holders and all beneficial owners of class a common stock of Echostar Corporation who held or owned such stock on August 19, 2019 and received shares of class a common stock of Dish Network Corporation in connection with the sale of Echostar's Broadcast Satellite Services business to Dish, including any and all of their respective legal representatives, trustees, executors, administrators, estates, heirs, and any person acting for or on behalf of, or claiming under, any of them. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS US$1.27 (vs US$0.86 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$4.49b (up 41% from 2Q 2020). Net income: US$671.0m (up 48% from 2Q 2020). Profit margin: 15% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Executive Departure • May 07
Senior Advisor & Director has left the company On the 30th of April, Carl Vogel's tenure in the role of Senior Advisor & Director ended. As of December 2020, Carl personally held 44.24k shares (€1.2m worth at the time). Carl is the only executive to leave the company over the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$1.20 (vs US$0.14 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$4.50b (up 40% from 1Q 2020). Net income: US$630.2m (up US$557.1m from 1Q 2020). Profit margin: 14% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 16% share price gain to US$35.08, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Media industry in Europe. Total returns to shareholders of 23% over the past three years. 공시 • Mar 20
DISH Network Corporation, Annual General Meeting, Apr 30, 2021 DISH Network Corporation, Annual General Meeting, Apr 30, 2021, at 12:00 Mountain Standard Time. Agenda: To elect eight directors to Board of Directors; to ratify the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2021; to amend and restate the 2001 Nonemployee Director Stock Option Plan; and to consider and act upon any other business that may properly come before the Annual Meeting or any adjournment or postponement of the Annual Meeting. 공시 • Mar 16
American Tower and DISH Announce Long-Term Master Lease Agreement American Tower Corporation and DISH Network Corporation announced that they have entered into a master lease agreement through which DISH may lease space on up to 20,000 American Tower communications sites. Through the agreement, DISH will secure access to American Tower’s extensive U.S. portfolio of communications sites as it deploys its new nationwide 5G network, and American Tower will enhance its long-term U.S. organic growth trajectory. Under the agreement, cash lease payments from DISH to American Tower will commence in 2022 and grow over time as DISH’s network deployment progresses. In addition, DISH may lease shared generators from American Tower on select sites and will have the ability to utilize American Tower’s zoning, permitting and other pre-construction services. Is New 90 Day High Low • Mar 11
New 90-day high: €30.40 The company is up 2.0% from its price of €29.80 on 11 December 2020. The Austrian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.89 per share. 공시 • Mar 10
DISH Network Corporation (NasdaqGS:DISH) agreed to acquire Republic Wireless, Inc. DISH Network Corporation (NasdaqGS:DISH) agreed to acquire Republic Wireless, Inc. on March 8, 2021. Upon close, DISH will assume approximately 200,000 customer relationships, the Republic Wireless brand and other supporting assets. Rob Currie, DISH senior vice president of Ting Mobile and MVNO platforms, will lead the Republic Wireless business. After the acquisition closes, the existing Relay division of Republic Wireless will continue to operate as a standalone company and will become a wholesale customer on DISH's 5G network. Relay provides communication and productivity solutions for frontline teams in hospitality, facilities management, manufacturing, healthcare and education, and will remain headquartered in Raleigh, NC. The transaction is subject to customary closing conditions, including regulatory approvals. It is expected to close in the second quarter of 2021. 공시 • Mar 04
DISH Network and DraftKings Introduce First-Of-Its-Kind App Integration DISH Network and DraftKings announced a strategic agreement across DISH's portfolio of brands to bring DraftKings' sportsbook and daily fantasy experiences directly to DISH customers nationwide, beginning with a first-of-its-kind DraftKings app integration on the DISH TV Hopper platform. The agreement also allows for subsequent DraftKings sportsbook and daily fantasy experiences with DISH Network's SLING TV and Boost Mobile in the future. DISH TV customers with an internet-connected Hopper family receiver will be able to access the DraftKings app to view betting odds and fantasy contests. They can initiate bets or contest entries with DraftKings directly from their TV, then set recordings and watch the live sports that correspond with those bets or fantasy teams. Customers can open and use the DraftKings app while watching any live, on-demand or recorded DISH TV content. The DraftKings app can be accessed via the DISH Voice Remote simply by saying "Launch DraftKings" or from the Apps Menu. The integrated DraftKings experience is available to all Hopper customers*; placing bets is limited to customers living in states where sports betting is available to DraftKings account holders. 공시 • Feb 24
Adt Inc. and Dish Network Corporation Partner to Bring Smart Home Security to More Customers ADT Inc. and DISHNetwork Corporation announced a partnership whereby DISH will begin marketing, sales and installation services for ADT smart home security products. This partnership with DISH continues ADT’s improved growth trajectory, following Google’s September 2020 $450 million equity investment in ADT, strong residential demand trends during the second half of 2020 and into early 2021, and the recently announced partnership with Ackerman Security Systems. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 14% while theMedia industry in Austria is not expected to grow. Reported Earnings • Feb 23
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$15.5b (up 21% from FY 2019). Net income: US$1.76b (up 26% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. 공시 • Feb 05
DISH Network Corporation and DISH DBS Corporation Appoints Mr. James S. Allen as Senior Vice President and Chief Accounting Officer On January 29, 2021, Mr. James S. Allen was hired as Senior Vice President and Chief Accounting Officer of DISH Network Corporation and DISH DBS Corporation. Mr. Allen was previously a Managing Director at Opportune LLP, an advisory firm specializing in the energy industry, since July 2017. Prior to that, he served as an independent consultant since October 2016. From June 2012 to October 2016, Mr. Allen served as Senior Vice President of Finance and Treasurer of Neo Performance Materials (formerly Molycorp Inc.). Mr. Allen also held various other financial and accounting positions at Molycorp Inc. from 2009 to 2012 and held positions of increasing responsibilities, including audit partner, at KPMG LLP, a public accounting firm, from 2002 to 2009. 공시 • Feb 02
DISH Partners with Vertical Bridge on Long-Term Infrastructure Lease Agreement as It Builds Nationwide 5G Network DISHNetwork Corporation and Vertical Bridge REIT, LLC announced a long-term agreement granting DISH immediate access to Vertical Bridge's extensive portfolio of towers, rooftops, utility transmission structures, billboards, convenience stores and other sites used for wireless infrastructure deployment. Vertical Bridge is the nation's private owner and operator of communications infrastructure with a portfolio of over 300,000 sites spread across all 50 states and Puerto Rico. 공시 • Dec 25
Nexstar Media Group and DISH Network Reaches Multi-Year Distribution Agreement Nexstar Media Group, Inc. announced that it has reached a comprehensive multi-year distribution agreement with DISH Network. The agreement restores the company’s 164 local television stations across the country and Nexstar’s wholly-owned cable network, WGN America, to DISH Network’s programming line-up. WGN America will also launch on DISH’s streaming service, Sling TV, in early 2021. Financial terms of the agreement were not disclosed. The agreement means that more than 5 million DISH subscribers will again have access to the highly-rated network and local entertainment, sports, and news programming provided by the company’s television stations and by WGN America, home of the country’s only live prime-time national newscast, NewsNation. During the last three months, the company has successfully completed more than 250 distribution agreements with its satellite, cable, telco, and streaming partners. Combined with similar agreements reached with other providers in 2019, Nexstar now has long-term visibility regarding future retransmission and carriage fees covering 90% of the company’s footprint through 2022. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$24.20, the stock is trading at a trailing P/E ratio of 11.2x, down from the previous P/E ratio of 13.5x. This compares to an average P/E of 16x in the Media industry in Europe. Total return to shareholders over the past three years is a loss of 41%. Is New 90 Day High Low • Dec 04
New 90-day high: €30.80 The company is up 8.0% from its price of €28.40 on 04 September 2020. The Austrian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.10 per share. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 18% share price gain to US$28.20, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 15x in the Media industry in Europe. Total return to shareholders over the past three years is a loss of 34%. 공시 • Nov 12
DISH and Qualcomm to Collaborate on the Development of the Nation's First O-RAN Compliant 5G Network DISH Network Corporation and Qualcomm Technologies, Inc. announced their collaboration to test open and virtualized RAN 5G solutions containing the new Qualcomm® 5G RAN Platforms to help fast track DISH's rollout of the nation's first cloud-native, Open RAN-compliant 5G network. DISH will utilize the Qualcomm 5G RAN Platforms through DISH's network vendors and device partners. The platforms are designed to allow emerging network vendors to accelerate deployment and commercialization of vRAN and interoperable networks that can deliver on the wide array of use cases and opportunities envisioned for 5G. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.96 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$4.53b (up 43% from 3Q 2019). Net income: US$504.6m (up 43% from 3Q 2019). Profit margin: 11% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 7.7%. Over the next year, revenue is forecast to grow 14% while the growth in Media industry in Austria is expected to stay flat. 공시 • Nov 05
DISH Network Corporation to Report Q3, 2020 Results on Nov 06, 2020 DISH Network Corporation announced that they will report Q3, 2020 results on Nov 06, 2020 Is New 90 Day High Low • Oct 21
New 90-day low: €22.40 The company is down 24% from its price of €29.40 on 23 July 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.63 per share. Is New 90 Day High Low • Oct 05
New 90-day low: €24.20 The company is down 18% from its price of €29.40 on 07 July 2020. The Austrian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.23 per share. 공시 • Sep 23
DISH Network Corporation Appoints Stephen Stokols as Executive Vice President of Boost Mobile DISH Network Corporation announced the addition of tech entrepreneur and wireless innovator Stephen Stokols to its executive leadership team. Stokols, who most recently served as founder and CEO of FreedomPop, will serve as executive vice president of Boost Mobile. In this role, he will be responsible for sales, marketing, go-to-market strategy and operations of the Boost business. Prior to joining DISH, Stokols served as founder and CEO of FreedomPop, the disruptive MVNO that delivered free data to millions of Americans and first launched many of the value-added services that wireless consumers enjoy. Is New 90 Day High Low • Sep 19
New 90-day low: €26.60 The company is down 20% from its price of €33.20 on 19 June 2020. The Austrian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.74 per share. 공시 • Aug 06
DISH Network Corporation to Report Q2, 2020 Results on Aug 07, 2020 DISH Network Corporation announced that they will report Q2, 2020 results on Aug 07, 2020 공시 • Aug 04
DISH Network Corporation (NasdaqGS:DISH) acquired Mobile Assets from Ting Inc. DISH Network Corporation (NasdaqGS:DISH) acquired Mobile Assets from Ting Inc. on August 1, 2020. Ting Inc. customers across the U.S. became customers of DISH Network Corporation.
DISH Network Corporation (NasdaqGS:DISH) completed the acquisition of Mobile Assets from Ting Inc. on August 1, 2020.