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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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August 26, 2014
07:08 EDTDISHDISH names Warren Schlichting to lead programming, media sales
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August 25, 2014
19:00 EDTDISHDISH Network petitions FCC to deny Comcast, Time Warner merger
Citing irreparable harm to competition and consumers, DISH Network (DISH) petitioned the Federal Communications Commission, or FCC, to deny the merger of Comcast (CMCSA) and Time Warner Cable (TWC). The petition to deny outlines, among other things, the critical role high-speed broadband plays in the video industry and the potential for the merger to significantly damage competitive development of over-the-top video and limit consumer access to online video programming.
11:06 EDTDISHDISH evaluating bid for T-Mobile, says dealReporter citing sources
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August 22, 2014
07:06 EDTDISHDISH CFO Robert Olson to retire on October 15
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05:28 EDTDISHSoftbank capital raise could be used for acquisitions, Bloomberg says
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