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.
American Tower and DISH Network have entered into a master lease agreement allowing DISH to lease space on up to 20,000 American Tower communications sites. This partnership supports DISH's development of a nationwide 5G network, enhancing American Tower's long-term growth. Cash lease payments will begin in 2022 and increase over time as DISH's network expands. The agreement also includes options for DISH to lease shared generators and utilize American Tower's construction services.
Metta World Peace's XvsX Sports app has partnered with Boost Mobile to provide affordable mobile services for basketball players in underserved communities. Boost Mobile offers a new iPhone SE for $49 and unlimited service for XvsX users at $40 per month. The partnership aims to connect players and create competitive opportunities, including showcase games with basketball legends. To celebrate, they have launched the #BoostBaller virtual trick shot contest with prizes announced on March 31, 2021.
DISH Network Corporation announced its plan to acquire Republic Wireless, an MVNO on the T-Mobile network, acquiring approximately 200,000 customer relationships and the Republic brand. This acquisition aims to enhance DISH's retail wireless business, broadening its customer base and mobile solution offerings. Post-acquisition, Republic's Relay division will continue operating independently as a wholesale customer on DISH's 5G network. The deal is expected to close in the second quarter of 2021, pending regulatory approvals.
Boost Mobile announced the launch of the moto g power smartphone, priced at $99.99, significantly lower than its MSRP of $169.99. This device features a robust 5,000 mAh battery for extended use, a 48MP triple camera system, and a 6.6-inch Max Vision HD+ Display. Boost Mobile enhances customer experience with plans starting at $10 monthly, offering 99% nationwide coverage on the T-Mobile network, which ensures reliable service and faster speeds. This launch continues DISH's strategy to provide value through Boost Mobile.
Boost Mobile has introduced a new service called Privacy Premium, aimed at enhancing user data protection amidst rising cyber threats. For a monthly fee of $5.99, the service offers features like Secure Wi-Fi encryption, Call Screener Premium to block spam calls, and Premium Visual Voicemail. With mobile vulnerabilities up by 50% since the pandemic and a 72% rise in ransomware, this offering is timely. The service is available for Boost Mobile customers using compatible Android devices and includes free mobile hotspot tethering.
DISH Network and DraftKings have announced a strategic partnership to integrate the DraftKings sportsbook and daily fantasy app directly into the DISH TV Hopper platform. This initiative allows DISH customers to access betting odds and fantasy contests from their TVs, enhancing the viewing experience for sports fans. Initial features include betting on NCAA basketball, NBA, and NHL games, with further enhancements planned. Customers will receive prompts via text to complete transactions on their mobile devices. This collaboration aims to provide a next-generation engagement for sports viewers.
DISH Network and SBA Communications have signed a long-term master lease agreement granting DISH access to SBA's extensive wireless communication sites, crucial for DISH's nationwide 5G network deployment. The agreement includes various pre-construction functions such as site acquisition and regulatory compliance. DISH's Executive VP Dave Mayo emphasized the importance of this collaboration in enhancing their 5G infrastructure. SBA's CEO Jeff Stoops expressed confidence in supporting DISH's network efforts. DISH aims to innovate with its cloud-native, Open RAN-based 5G services.
DISH Network Corporation (NASDAQ: DISH) reported a fourth-quarter revenue of $4.56 billion for the period ending December 31, 2020, up from $3.24 billion in Q4 2019. The net income rose significantly to $733 million or $1.24 per diluted share, compared to $389 million and $0.69 in the prior year. The company ended the year with 11.29 million pay-TV subscribers and 9.06 million retail wireless subscribers, experiencing a reduction in both pay-TV (down 133,000) and wireless subscribers (down 363,000) in Q4.
DISH Network Corp. (NASDAQ: DISH) will hold a conference call on February 22, 2021, at noon ET to discuss its Q4 and year-end 2020 financial results. Participants can access the call by dialing (866) 548-4713 for U.S. callers or (323) 794-2093 for international callers, using the conference ID: 3326629. A financial results news release will be distributed prior to the call and will be available on DISH's Investor Relations website. DISH offers satellite and streaming services and has become a nationwide U.S. wireless carrier.
DISH Network has signed seven new tower agreements with companies including Harmoni Towers and Mobilite, granting access to over 4,000 towers across the U.S. These partnerships are crucial for the rapid deployment of DISH's cloud-native, Open RAN-based 5G network. The agreements aim to enhance the installation of 5G infrastructure, significantly bolstering DISH's position as a national wireless carrier. Senior executives from partnering companies expressed enthusiasm about supporting DISH's ambitious network rollout efforts, critical for connecting consumers to next-generation wireless services.
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