Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department's antitrust chief advised him on June 10 to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless carriers T-Mobile Quote and financial data from Refinitiv.
Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes. Latest Trade Change 0. Volume 1,, Today's Range Pricing Previous Close. Today's High. Today's Low. Shares Out MIL. Market Cap MIL. Latest Developments More. Executive Leadership Charles W. Ergen Executive Chairman of the Board. Key Stats 2. Dish is in the early stages of building a 5G network and in the meantime is serving customers as a reseller using network capacity that it purchases from T-Mobile.
Dish has since accused T-Mobile of anticompetitive behavior in multiple filings to the Federal Communications Commission. This is significantly sooner than the three-year migration timeline it previously announced.
For example, T-Mobile told CPUC that it would "support former Sprint customers during the 3-year migration period" and that it will be able to "support Sprint customers who are reliant on LTE and CDMA technologies and to shepherd customers with incompatible handsets through the migration process.
Please Stop. When they travel, staffers are asked to take red-eye flights, share hotel rooms and reimburse the company if they tip more than 15 percent. After Dish was hit with bad press, management attempted to intervene. When you ski or ride horses, what happens when you sit back is that you lose control.
We lean in. After several years of growth, Dish, like the rest of the cable and satellite industry, has been facing new challenges.
In , pay TV providers added only a few tens of thousands of subscribers, according to analyst estimates. In reaction, Dish has been aggressive in keeping customer bills lower than those of its rivals.
Still, that might not be enough. Unlike its rivals, Dish has struggled to expand into businesses other than satellite TV service. The company lately has been attempting to get a wireless network service off the ground, holding talks with Google and making an aggressive bid to acquire part of 4G network pioneer Clearwire Corp.
Some legal observers believe that Dish will succeed in court. In November, a federal judge declined to grant a preliminary injunction to stop the Hopper and said that Fox faces an uphill road in arguing that Dish has committed copyright infringement and breached its contracts with the network.
If the offer is not right, Dish could head down a new path. Dish and Aereo reportedly have held talks with each other recently. Analysts are getting a little edgy. If Disney accepts less than market value from Dish, it likely will have to give discounts to other distributors, too. And walking away from Dish might not necessarily mean losing all 14 million pay TV consumers if some of them defect to rival services.
A recent survey by Lazard Capital found that 41 percent to 48 percent of pay TV subscribers would cancel or switch their service if they lost a top broadcast network, and 35 percent would cancel if they lost ESPN. The last time Disney and Dish made a deal, in , the negotiations took a year. Disney declines comment about whether it would look past the Hopper, whose legality likely will not be settled before the two sides need to make a deal.
Is Ergen about to get comeuppance for his nasty behavior? Or will broadcasters bow to what many believe is the inevitable evolution of the ad business?
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