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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 1, 2015
15:23 EDTDISHDISH's Ergen awaits AT&T-DirecTV approval before more T-Mobile talks, FBN says
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June 25, 2015
19:34 EDTSATSAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
16:42 EDTDISHFCC Chairman outlines changes to future spectrum auctions
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07:10 EDTSATSEchoStar subsdiary partners with OneWeb for global satellite broadband
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June 22, 2015
15:04 EDTDISHT-Mobile could abandon DISH for Comcast, Forbes contributor says
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