DISH Network announces EchoStar Merger, tops earnings estimates
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August 9, 2023 9:47 AM EDT
Barclays lifted DISH Network (NASDAQ: DISH) to Equal Weight from Underweight on Wednesday, raising the price target by 100% to $10 per share.
The upgrade follows news on Tuesday that DISH and EchoStar Corp. (NASDAQ: SATS) will merge in an all-stock transaction. DISH also... More
August 8, 2023 7:46 AM EDT
EchoStar Corp. (NASDAQ: SATS) reported Q2 EPS of $0.13, $0.05 better than the analyst estimate of $0.08. Revenue for the quarter came in at $453.1 million versus the consensus estimate of $452.2 million.
For earnings history and earnings-related data on EchoStar Corp. (SATS) click here.
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August 8, 2023 7:45 AM EDT
By Savyata Mishra
(Reuters) -Dish Network said on Tuesday it would merge with satellite operator EchoStar to create a roughly $6 billion company by reuniting billionaire Charlie Ergen's telecom empire to tackle growing competition from larger U.S. carriers.
Since spinning off EchoStar in 2008, Dish has looked to expand beyond satellite TV into streaming TV as well as mobile telecom services, but has faced stiff competition from bigger rivals, including AT&T and Verizon Communications.
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August 8, 2023 7:34 AM EDT
EchoStar Corp. (NASDAQ: SATS) to Resume Trading at 7:55 a.m.
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August 8, 2023 7:31 AM EDT
DISH Network Corporation (Nasdaq: DISH) and EchoStar Corporation (Nasdaq: SATS) today announced they have entered into a definitive agreement for DISH Network to combine with EchoStar Corporation in an all-stock merger at a fixed exchange ratio. The transaction was negotiated and recommended by Special Committees of Independent Directors of both companies and unanimously approved by the Boards of Directors of both... More
