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DISH Network Corporation - DISH STOCK NEWS

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.

Rhea-AI Summary

DISH Network Corp. (NASDAQ: DISH) will hold a conference call on August 7, 2020, at noon ET to discuss its Q2 2020 financial results. Dial-in numbers are (888) 850-2545 (U.S.) and (323) 701-0221, Conference ID: 2470200. A financial results news release will precede the call, available on DISH's Investor Relations site. DISH, established in 1980, offers satellite and streaming services and became a nationwide wireless carrier in 2020 after acquiring Boost Mobile, focusing on innovative 5G broadband network development.

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DISH Network Corporation (NASDAQ: DISH) has partnered with Tucows Inc. (NASDAQ: TCX, TSX: TC) to enhance its retail wireless business. The agreement includes the acquisition of Ting Mobile assets, effective August 1, 2020, which brings a loyal customer base to DISH. Ting customers will continue using their current phones with existing rates. Tucows will focus on developing Mobile Services Enabler (MSE) solutions for DISH, which will strengthen DISH's digital capabilities in wireless services. This partnership positions DISH as a significant competitor in the U.S. mobile industry.

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DISH Network has reported that its customers lost access to local channels in 10 markets due to Apollo Global Management's decision amidst ongoing negotiations over retransmission rights.

This blackout affects crucial local programming during the COVID-19 pandemic. DISH attempted to negotiate a temporary agreement, even proposing increased rates, but Apollo demanded a 40% hike over last year's rates. A federal court dissolved a temporary restraining order previously in DISH's favor, complicating the situation further. DISH has retained commitments from 49 other stations to maintain service during the pandemic.

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Boost Mobile has expanded its Motorola device lineup with the introduction of two new smartphones: the moto g fast and moto e. The moto g fast is priced at $29.99 and features a Snapdragon 665 processor, triple camera system, 32GB storage, and a 4000 mAh battery. The moto e is available for $9.99 and includes a 13MP dual camera, water protection, and a 3550 mAh battery. Boost Mobile's new plans, including the $hrink-It! plan starting at $45 for 15GB, enhance customer value while offering reliable nationwide coverage.

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Boost Mobile has launched the next generation of its voter registration campaign, Step Up to Vote, aimed at facilitating voter registration ahead of the November 3, 2020 election. This nonpartisan initiative offers resources for registration, local issues, and voting processes through Boost Mobile's social media, website, and over 3,000 participating stores. The campaign builds on Boost's legacy of promoting voter participation, including the 2016 'Boost Your Voice' initiative, which transformed stores into polling stations.

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Boost Mobile announced the addition of the Samsung Galaxy A21 and Samsung Galaxy A11 to its portfolio. The Galaxy A21 is available for $199.99 (retail value $249.99), while the Galaxy A11 is priced at $129.99 (retail value $179.99). The Galaxy A21 features a 6.5-inch display and a 4,000 mAh battery, while the A11 offers a 6.4-inch display. Boost Mobile's new $hrink-It! plan starts at $45/month with 15GB and reduces rates based on on-time payments. Boost Mobile will continue activating customers on the new T-Mobile network for improved service.

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Boost Mobile has announced the launch of the LG Tribute Monarch, retailing at $69.99, down from its original price of $109.99, starting July 7, 2020. Customers switching to Boost can later obtain the phone for free in-store, while current Boost users can upgrade for $49.99. The device features a 13MP dual rear camera and a 5MP front camera, alongside a 5.7-inch HD+ display, and is powered by a 2,890 mAh battery. Boost also introduced a new plan, $hrink-It!, starting at $45 monthly, reducing fees after on-time payments, and plans to activate on the T-Mobile network for improved service.

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DISH has successfully completed its $1.4 billion acquisition of Boost Mobile, marking its entry into the retail wireless market and serving over nine million customers. CEO Erik Carlson highlighted this as a pivotal milestone in DISH's transformation into a connectivity provider, with plans to develop the first virtualized, standalone 5G network in the U.S. Boost will retain its brand and launch new flexible plans, including the revived $hrink-It! initiative, aimed at giving customers pricing incentives.

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DISH announced major strides in its deployment of the first O-RAN compliant 5G network in the U.S., securing a significant agreement with Fujitsu for radio units and a multi-year deal with Altiostar for cloud-native Open vRAN software. Fujitsu's innovative radio units are set to enhance DISH's 5G offerings, while Altiostar’s solution will enable network scalability tailored to diverse applications. Marc Rouanne, DISH's EVP, emphasized the importance of quality and automation in the deployment process. This partnership reflects DISH's commitment to leveraging advanced technology in building a competitive 5G network.

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OnTech Smart Services has expanded its partnership with Google to become a nationwide installation provider for Nest products. Customers purchasing Nest products via the Google Store can now schedule installation services instantly. Installations start at $99, available same-day and next-day. OnTech offers professional installation for a wide range of Google Nest devices, as consumer demand for smart home technology continues to rise. This initiative aims to simplify the setup process for customers nationwide.

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FAQ

What is the market cap of DISH Network Corporation (DISH)?

The market cap of DISH Network Corporation (DISH) is approximately 3.1B.

What services does DISH Network Corporation provide?

DISH Network Corporation provides satellite television via DISH TV, streaming services through SLING TV, and wireless services with Boost Mobile and Boost Infinite.

What was the recent major change involving DISH Network?

DISH Network was acquired by EchoStar Corporation in December 2023, making it a wholly owned subsidiary and resulting in changes to its convertible notes.

What is Boost Infinite's new offering?

Boost Infinite introduced Infinite Access for Galaxy, a subscription service offering the latest Samsung Galaxy devices with annual upgrades at no extra cost.

What is the Open RAN Center for Integration & Deployment (ORCID)?

ORCID is a facility established by DISH Wireless with a $50 million grant to test and validate hardware and software solutions for Open RAN technology.

How extensive is the Boost Wireless Network's coverage?

The Boost Wireless Network now offers VoNR (5G voice) services to over 200 million Americans nationwide.

What products does Boost Mobile offer?

Boost Mobile offers a variety of mobile devices and wireless plans, including the Celero5G and Celero5G+ smartphones, and the Summit Flip device.

What is DISH Network's approach to 5G technology?

DISH Network is building the nation's first virtualized, O-RAN 5G broadband network and leading in the deployment of 5G Voice or VoNR technology.

How does the acquisition by EchoStar benefit DISH Network?

The acquisition by EchoStar enhances DISH Network's product offerings and market reach, leveraging EchoStar's extensive global connectivity solutions.

Who are the key partners in the ORCID project?

The ORCID project involves partners such as Fujitsu, Mavenir, VMware by Broadcom, and technology partners including Analog Devices, ARM, Cisco, Dell Technologies, Intel, JMA Wireless, NVIDIA, Qualcomm, and Samsung.

Where can I find more information about DISH Network Corporation's developments?

For the latest updates and information, visit DISH Network Corporation's official website and follow their news releases.

DISH Network Corporation

Nasdaq:DISH

DISH Rankings

DISH Stock Data

3.08B
247.34M
16.36%
83.98%
9.72%
Telecom Services
Communication Services
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United States
Englewood