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Stock Market & Financial Investment News

News Breaks
February 21, 2014
08:08 EDTSATS, DISHEchostar reaches agreement with DISH Network effective March 1
EchoStar (SATS) announced that it has reached agreement with DISH (DISH) for a strategic transaction, effective March 1. EchoStar and its subsidiaries will receive five satellites along with related liabilities for in-orbit incentive payments to the manufacturers of certain of those satellites, and approximately $11M in cash from DISH in exchange for two issues of preferred tracking stock. As of December 31, 2013 the HRG had approximately 635,000 U.S. retail satellite broadband subscribers. EchoStar and DISH have entered into a long-term operating lease agreement for transponder services to DISH on the satellites to be received by EchoStar and its subsidiaries. EchoStar is expecting to generate approximately $145M of incremental revenue from the new satellites in 2014.
News For SATS;DISH From The Last 14 Days
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July 16, 2014
10:01 EDTDISHNTELOS expansion of DISH program an incremental positive, says Wells Fargo
Wells Fargo views the expansion of NTELOS' (NTLS) fixed wireless broadband program with DISH (DISH) as an incremental positive for NTELOS and the firm believes the company's 2.5GHZ spectrum is an "important hidden asset." Wells thinks NTELOS will keep seeking "out of the box" partnerships in its service areas and keeps its Outperform rating on the stock.
09:58 EDTDISHNTELOS, DISH expand Internet service pact to Virginia
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07:43 EDTDISHSenate Commerce, Science & Transportation Committee holds a hearing
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July 14, 2014
16:57 EDTDISHCourt of Appeals reaffirms rejection of Fox's claims against DISH's Hopper
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16:44 EDTDISHFox Broadcasting loses bid to halt 'Dish Anywhere,' Hollywood Reporter says
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14:43 EDTDISHDISH's Ergen, LightSquared resolve legal dispute, Reuters says
LightSquared, a bankrupt wireless venture owned by Phil Falcone’s Harbinger Capital Partners, and Dish Network Chairman Charles Ergen have resolved a legal dispute in which LightSquared had accused Ergen of trying to surreptitiously gain control of the company, says Reuters. Reference Link
July 10, 2014
13:40 EDTDISHVerizon CEO calls Q2 'strong,' says not interested in satellite company
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06:02 EDTDISHDISH to participate in upcoming wireless spectrum auction, Re/code reports
Dish Network is planning to participate "meaningfully" in the upcoming wireless spectrum auction, Re/code reports. Dish has signaled that it could allocate the airwaves for high-speed mobile services. Reference Link
July 9, 2014
15:54 EDTDISHDISH expresses concerns over Comcast, AT&T deals to FCC
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10:53 EDTDISHDISH, Ergen sued by Harbinger regarding LightSquared, Reuters says
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