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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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October 2, 2014
07:43 EDTDISHFCC outlines estimated compesation for broadcasters in incentive auction
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September 30, 2014
13:11 EDTSATSEchoStar welcomes further rulemaking from FCC on satellite licensing
In response to the Federal Communications Commission's action initiating a further rulemaking on satellite licensing reform, Jennifer A. Manner, vice president of regulatory affairs at EchoStar said, "We welcome the FCC continuing to work with the satellite industry to revise its rules to provide increased flexibility and efficiency to satellite operators. We look forward to reviewing today's notice and providing our comments."
September 24, 2014
09:17 EDTDISHComcast accuses TWC deal opponents of extortion, Re/code reports
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