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Stock Market & Financial Investment News

News Breaks
June 10, 2013
21:00 EDTS, DISHSprint says DISH proposal not likely to lead to superior offer
Sprint (S) announced that its special committee and board of directors have unanimously determined that the proposal submitted by DISH Network (DISH) on April 15 is not reasonably likely to lead to a “superior offer” under the merger agreement. Sprint has engaged with DISH since April 15 and, after receiving waivers from SoftBank under the merger agreement, allowed DISH due diligence to commence on May 21. Despite the special committee’s diligence, DISH has not put forward an actionable offer. As a consequence of the lack of progress with DISH and the improved terms from SoftBank, the special committee ended its discussions with DISH and will request that DISH destroy all of the Sprint confidential information made available in the course of its diligence.
News For S;DISH From The Last 14 Days
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February 27, 2015
13:08 EDTSSprint CEO discloses 5.08M share purchase
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February 26, 2015
10:40 EDTDISHDish could consider partnering with Google in wireless, The Information says
According to The Information, Dish Network (DISH) is likely to play a large role in the telecommunications industry in the coming years, and could look to form a partnership with Google (GOOG), something the companies have previously discussed. Though Google did not bid in the most recent auction of wireless spectrum, sources say Google executive Milo Medin, considered a bid. Reference Link
February 24, 2015
10:08 EDTDISHOptions with decreasing implied volatility
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09:09 EDTDISHArtemis plans to lease wireless spectrum from Dish in San Francisco, NYT says
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08:08 EDTDISHDISH spectrum strategy positive, says Wells Fargo
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07:17 EDTDISHDISH price target raised to $95 from $78 at Brean Capital
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06:35 EDTSSprint downgraded to Sell from Neutral at BTIG
February 23, 2015
13:10 EDTDISHDISH Chairman Ergen says not interested in owning TV content
Says re-assumed CEO role because other duties were taken care of.
12:38 EDTDISHDISH Chairman Ergen says prefers not to use equity to raise cash
Says Sling would not make it after potential Comcast/Time Warner Cable merger as the combined company would have a giant advantage in online TV. Says plans to continue as CEO unless, "I find someone better." Says short term battles over programming costs eventually pay off. Says Q1 adversely impacted by Fox, Turner blackouts. Says Sling TV results "encouraging after two weeks." Says Sony's OTT will include a full package of programs, and the company has less to lose by having no pay-TV service. Says more TV programmers worried about not being on Sling.
12:18 EDTDISHDISH Chairman Ergen says will consider talks over spectrum
Says DISH Pay-TV is mature, Sling TV has upside potential. Says company has used most of cash on latest airwave aution. Says "comfortable" with current liquidity, it's not an issue. Says 600MHZ aution is key to leveling the playing field.
12:10 EDTDISHDISH Chairman Ergen says auction gave company valuable downlink airwaves
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06:08 EDTDISHDISH reports 2.6M activations of gorss new PAy-TV subscribers
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06:07 EDTDISHDISH reports FY14 EPS $2.04, consensus $1.59
Reports FY14 revenue $14.6B, consensus $14.66B
06:06 EDTDISHDISH announces President and CEO Joseph Clayton to retire March 31, 2015
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February 20, 2015
13:56 EDTDISHAT&T VP critical of Dish auction tactics
AT&T (T) VP of Federal Regulatory Joan Marsh stated in a post to a corporate blog that FCC Auction 97 represents "hard evidence that there is significant continuing interest in licensed spectrum... It didn't matter that it was mid-band spectrum. It mattered only that it was broadband spectrum." Marsh notes that Dish (DISH) won more licenses than any other bidder though "none of that spectrum is currently supporting commercial wireless services," with her suggestion being that "auctions should be designed to ensure that licenses go to those willing to deploy networks – not speculators or stockpilers...The government should continue to place a high priority on allocating new licensed bands to the wireless industry." Marsh continues her analysis of Dish, claiming the double and triple-bidding activity carried out by its two designated entities "circumvented auction activity rules, masked actual demand and distorted the auction," as they were able to win significant allocations while enjoying a 25% small business discount. In response to Dish claims that all companies use DEs, Marsh replies that "in more recent auctions... bidders like AT&T, Verizon (VZ) and T-Mobile (TMUS) had no DE relationships, participated directly and paid full price for their licenses." Reference Link
February 19, 2015
10:57 EDTSSprint commences $1B senior notes offering
Sprint announced that it has commenced an underwritten public offering of $1B aggregate principal amount of notes. Sprint intends to use the net proceeds for "general corporate purposes, which may include, among other things, working capital requirements, retirement or service requirements of outstanding debt and network expansion and modernization." The joint book-running managers for the offering are Citigroup, Goldman Sachs, .J.P. Morgan Securities, Merrill Lynch, Barclays, Credit Agricole, Credit Suisse, Deutsche Bank, Mitsubishi UFJ, Mizuho, RBC Capital, Scotia Capital and SMBC Nikko Securities.
10:52 EDTSSprint files automatic mixed securities shelf
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February 17, 2015
18:06 EDTSPaulson & Co gives quarterly update on stakes
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13:18 EDTSOmega Advisors gives quarterly update on stakes
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06:15 EDTDISHCiti sees three options for DISH, including sale to Verizon
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