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US authorities have dished out the first-ever fine for a company not clearing up its space junk. Dish Network (NASDAQ:DISH), the US owner of the direct-broadcast satellite provider Dish, was fined US$150,000 by the US Federal Communications Commission (FCC).
US authorities have dished out the first-ever fine for a company not clearing up its space junk. Dish Network (NASDAQ:DISH), the US owner of the direct-broadcast satellite provider Dish, was fined US$150,000 by the US Federal Communications Commission (FCC).
The FCC announced a settlement with the Dish Network over one of the company's retired satellites. The agency said Dish left the satellite at the wrong disposal orbit at the end of its mission.
The Federal Communications Commission announced a settlement with Dish Network on Monday in the regulator's first penalty regarding space debris.
Cable is changing, and DISH Network may have a hard time keeping up.
Boost Infinite (DISH) has partnered with tech giants Apple (AAPL) and Amazon (AMZN) to offer users a new wireless service, made available today. Priced at $60 per month, the plan includes unlimited talk, text, and data, along with an annual iPhone upgrade.
"Hearst is demanding tens of millions of dollars in rate increases that would affect customers," Dish said, adding that Hearst expects Dish and its customers to foot the bill.
Dish Network saw its stock trading at around $17.90 at the end of June 2022, just before the Fed started increasing rates, and is still 67% below that level.
Earlier this year, I called out three stocks as potential short-squeeze opportunities. Among these picks, Carvana (NYSE: CVNA ) and Upstart (NASDAQ: UPST ) have delivered multi-bagger gains since.
Dish Network's merger with EchoStar delivered a one-day boost to beaten-up DISH stock. Now investors are wondering what's next.