Welcome to our dedicated page for DISH Network Corporation news (Ticker: DISH), a resource for investors and traders seeking the latest updates and insights on DISH Network Corporation stock.
DISH Network Corporation (symbol: DISH) is a leading connectivity company that has been a disruptive force in the industry since 1980. Through its subsidiaries, DISH provides a range of television entertainment and technology solutions to millions of customers across the United States. The company operates two primary services: satellite DISH TV and streaming SLING TV. Additionally, DISH became a nationwide U.S. wireless carrier in 2020 with the acquisition of Boost Mobile, continuing to innovate in the wireless sector by building the nation's first virtualized, O-RAN 5G broadband network.
Recent Achievements and Current Projects:
- In December 2023, DISH was acquired by EchoStar Corporation, making it a wholly owned subsidiary and resulting in DISH's convertible notes being exchanged for EchoStar Class A common stock.
- Boost Infinite expanded its wireless plan offerings, including the introduction of Infinite Access for Galaxy, catering specifically to Samsung Galaxy device users with an annual upgrade option.
- Boost Mobile reintroduced popular devices like the Celero5G and Celero5G+, which boast advanced wireless technology and are compatible with the Boost Wireless Network.
- DISH Wireless received a $50 million grant from the U.S. Department of Commerce's NTIA to establish the Open RAN Center for Integration & Deployment (ORCID), positioning itself as a leader in Open RAN technology.
- DISH continues to expand its Boost Wireless Network, now offering VoNR (5G voice) services to over 200 million Americans, marking significant progress in 5G technology deployment.
Financial Condition and Partnerships:
DISH has consistently driven value for consumers through innovation and strategic partnerships. As a subsidiary of EchoStar, DISH benefits from EchoStar's extensive global connectivity solutions, enhancing its product offerings and market reach. The company's competitive spirit and commitment to high standards have positioned it as a significant player in the connectivity and entertainment sectors.
Products:
- DISH TV: Satellite television service offering a wide range of channels and programming options.
- SLING TV: Streaming service providing live TV, on-demand content, and international programming.
- Boost Mobile: Prepaid wireless service offering affordable plans and a variety of mobile devices.
- Infinite Access: Subscription service providing the latest Samsung Galaxy devices and unlimited wireless service.
- Celero5G: Affordable 5G smartphones with advanced features and compatibility with the Boost Wireless Network.
For more information about DISH Network Corporation and its latest news, visit the company's official website and follow their updates. Stay informed to make confident investment decisions and understand the evolving dynamics of the connectivity and entertainment sectors.
DISH (NASDAQ: DISH) has entered a strategic collaboration with Input Output Global (IOG) to explore the application of distributed ledger technologies (DLT) within its operational framework. This initiative aims to enhance DISH's customer service capabilities across its Boost, DISH, and SLING platforms, leveraging Cardano blockchain's features. DISH's commitment to innovation is underscored as it seeks to integrate DLT into the telecommunications sector, promoting efficiency and security while transforming the industry landscape.
DISH has been recognized as the #1 provider in Overall Customer Satisfaction with TV Service by J.D. Power for the fourth consecutive year. The company excelled in various key factors, including Performance and Reliability, Customer Service, and Cost of Service. DISH attributes this achievement to its commitment to customer-centric service and continuous innovation, including enhancements to its Hopper DVR platform and customer support features like 'MyTech' and expanded installation services. DISH operates as a significant player in television entertainment and wireless services.
LiveXLive Media (NASDAQ: LIVX) announced the launch of the Mettaphorically Speaking podcast featuring NBA champion Metta World Peace on September 21, 2021, coinciding with International World Peace Day. The podcast aims to inspire and empower listeners through in-depth discussions on sports, business, and mental health. Boost Mobile serves as the title sponsor. Metta will interview various guests, including former NBA players and influencers. This addition bolsters PodcastOne's portfolio, which has seen substantial growth since its acquisition by LiveXLive.
DISH Network Corporation (NASDAQ: DISH) has partnered with 10x People, LLC to manage telephone number (TN) inventory for its OpenRAN-based 5G network. This collaboration utilizes 10x People's cloud-based solution, nVentory, to efficiently oversee TNs and identity management, fulfilling both business and reporting requirements. DISH's CIO, Atilla Tinic, highlighted the integration of this technology with their existing systems, enhancing TN management capabilities and subscriber identity processes. 10x People recognizes this as a significant opportunity to support DISH's innovative network.
DISH Network has chosen IBM to automate its first cloud-native 5G network in the U.S., aiming for an agile and scalable infrastructure. Through IBM's AI-driven automation and network orchestration software, DISH seeks to enhance its 5G capabilities and deliver customized services to enterprise customers. This partnership emphasizes network slicing, allowing businesses to tailor service levels according to specific needs. IBM's technology is expected to accelerate DISH's service deployment and optimize network operations.
SLING TV has launched an exclusive channel in collaboration with Barstool Sports, available to both subscribers and SLING Free users. This channel features a variety of sports and pop culture content, aiming to enhance audience engagement, especially during the upcoming college football season. Key programming includes shows like the Barstool College Football Show and Pardon My Take. SLING offers these services starting at $35 per month, providing more than 700 channels. The partnership boosts Barstool’s visibility and SLING's content diversity.
DISH Network's Boost Mobile has announced its acquisition of Gen Mobile, a prepaid mobile service based in Los Angeles. This acquisition aims to expand Boost's reach within the low-income consumer segment and enhance its market presence. Gen Mobile's established brand, distribution network, and technology will support Boost's ongoing efforts to bridge the digital divide through affordable wireless access. The deal, subject to regulatory approvals, will see Gen Mobile continue to operate under its brand with its leadership intact.
On August 9, 2021, Sinclair Broadcast Group threatened to black out DISH customers' access to 144 local channels across 86 markets unless DISH agrees to a nearly billion-dollar fee increase. This demand comes despite declining viewership and accusations that Sinclair is using its market power to negotiate unfairly. Brian Neylon, DISH TV Group President, criticized Sinclair's tactics as a way to intimidate DISH and upset customers. Neylon expressed DISH's commitment to negotiate fairly and keep TV bills low for its customers.
DISH Network Corporation reported $4.49 billion in revenue for Q2 2021, up from $3.19 billion in Q2 2020. Net income rose to $671 million compared to $452 million in the previous year, resulting in diluted earnings per share of $1.06, up from $0.78. Despite overall revenue growth, the pay-TV segment experienced a loss of approximately 67,000 subscribers. The company closed the quarter with 10.99 million Pay-TV subscribers and added over 200,000 wireless subscribers, despite losing 201,000 retail wireless subscribers.
Boost Mobile announces the addition of hundreds of NCAA athletes to its team, continuing its historic support for college athletes. The initiative follows signing twin basketball stars Hanna and Haley Cavinder, marking Boost as the first wireless provider to support NCAA athletes. Boost Mobile aims to onboard over 500 student-athletes across various sports and universities by year-end. Additionally, former professional athletes will mentor these athletes on brand sponsorships and marketing strategies. With a combined following of over 10 million on social media, these athletes will promote Boost's services.
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