Tag: dish
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DISH & Sling TV Lost More Than 1 Million Subscribers in 2023 As Bankruptcy Fears Grow
DISH has been struggling financially for some time now. Recently, it merged with EchoStar in an effort to address these issues, but according to an SEC filing, DISH will use a “substantial amount of cash” in the next 12 months. It “raises substantial doubt about [the company’s] ability to continue as a going [sic] concern,”…
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DISH Could Be Facing Bankruptcy This Year According to An Analysis
DISH has been struggling financially for some time now. Recently, it merged with EchoStar in an effort to address these issues, but according to an SEC filing DISH will use a “substantial amount of cash” in the next 12 months. It “raises substantial doubt about [the company’s] ability to continue as a going [sic] concern,”…
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DISH Lost 314,000 TV Subscribers in The 4th Quarter of 2023
DISH Network, the satellite television provider, reported today its fourth quater 2023 earnings with a net loss of $2.029 million in its fourth quarter 2023 earnings, alongside subscriber declines in both its core satellite TV service and Sling TV streaming platform. The company lost a total of 314,000 TV subscribers in Q4, and an additional…
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DISH Expands Boost Wireless’s 5G Voice Coverage, But How Many People Are on the Network?
DISH’s Boost Wireless network hit a new milestone this week. DISH said its Boost Wireless now supports 5G voice capable of reaching 200 million Americans. This marks the company’s latest step in growing its 5G network to support more devices so it can stop using T-Mobile, and represents some progress in its slow transformation into…
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DISH and Sling Are Suing an Illegal IPTV Service That Included 10,000 Pirated Channels
The stars didn’t align for astrology company Astro Vatsu Solutions (AVS) which is now being sued by DISH Network and Sling TV for peddling pirated channel subscriptions. California resident Vaneet Sharma, owner of AVS, allegedly sold subscriptions to his 10,000-channel pirated service, Sharma IPTV. The illegal service offered live channels, sports programs, movies, and more,…
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DISH Awarded $3 Million Settlement in Illegal IPTV Copyright Infringement Lawsuit
DISH was awarded a $3 million settlement from its lawsuit against content delivery network company DataCamp. The settlement now requires DataCamp to comply with stricter notice-and-takedown practices or they’ll be fined. Illegal IPTV services and content pirates continue to be a massive thorn in the side for government agencies, law enforcement, and companies around the…
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DISH Reportedly Accused of Debt Swap Fraud As Creditors Threaten Legal Action
Threats of legal action against DISH Network appear to be growing. In a letter sent to the company’s board, DISH creditors allege that the satellite TV provider’s restructuring plan is illegal, and if the deal isn’t reversed, the group will take legal action, people close to the matter told Bloomberg. In the letter, the creditors…
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DISH Creditors May Default Following EchoStar’s Post-Merger Asset Shuffle
DISH Network creditors are looking into legal options including sending the company a default notice after it “moved prized assets out of bondholders’ reach,” people familiar with the matter told Bloomberg. This comes after the newly formed EchoStar Corporation reported a series of completed transactions that would boost the company’s strategic, financial, and operating flexibility.…
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DISH Is Exploring New Funding Options Following EchoStar Merger
Following the completion of its merger with DISH Network, EchoStar Corporation said it’s completed a “series of strategic transactions to further unlock incremental strategic, financial and operating flexibility for its business.” This comes as DISH is hoping the newly merged company will be able to find new funding options to complete the buildout of its…
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Dish Gets $50 Million From The Biden Administration to Bring Competition to Wireless
Today, it was announced that DISH has received $50 million from the Biden administration to help it build out its wireless network. The goal of the Biden administration’s investment of $50 million with this grant into DISH is to help bring competition to the wireless market. This is part of a bigger push to limit…