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Thursday, August 10, 2017

Dish misses profit expectations but limits subscriber losses

Dish Network Corp's (DISH.O) shares declined on Thursday after the satellite television provider's quarterly results missed analysts' estimates, and its chief executive declined to give specifics on merger discussions, saying that the company was focused on building its new wireless network.

Dish has been buying up wireless airwaves, or spectrum, in recent years as its satellite business has come under pressure from cable as well as cheaper streaming options. Analysts have long thought the holdings could make Dish a natural fit for a tie-up with wireless carriers such as Verizon Communications (VZ.N) or T-Mobile US Inc (TMUS.O).

But the company is pursuing its own plan of putting the airwaves that it has acquired to use. Dish plans to build a low-cost wireless network by 2020 to meet the U.S. government's deadline for deploying some of the spectrum. Dish said on the company's post-earnings conference call that it was negotiating contracts with vendors and having discussions with tower companies and other partners.

Chief Executive Charlie Ergen said it was realistic to assume that Dish would need help in the second stage of a network build-out as standards for a next-generation wireless network, or 5G, evolve. 5G is expected to offer faster speeds and shorter response times.



Anonymous said...

One more stock to dump asap.

Anonymous said...

Oh dish Network implant machines, like red box want liberal brains take take implant download couple link 56k. Say no Red boxes say No liberals dish no

Anonymous said...

I would like to consider Dish, but it is nearly impossible to get them to tell you the actual cost of a subscription before you sign up.

Anonymous said...

I was just on the phone with them, their internet sucks! I am currently looking for another one. I miss Comcast internet. It's hard to find any good ones in the country.

Anonymous said...

I used to have dish network, but the customer service sucks. If there was problem with the equipment, it was on you to purchase the parts or receiver. I had this problem back in 2003 and haven't been back since. Customer no service and a long wait on the phone. They kept raising their prices and offer crap on their channel packages. No paying for home shopping or qvc or some other telemarketing channel no one watches as a part of a high priced package. Only watch a few channels and the one channel I liked the best was on a higher tier package. Comcast did the same and two years ago I totally dropped cable and now get what I want on my roku box. I still have comcast for internet, but at least I am not pay 100 dollars or more per month for channels I don't need or watch. Internet price is bad enough. We definitely need more competition in the marketplace.