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DISH Network's (DISH) second-quarter 2023 results reflect declining subscriber bases of DISH TV and SLING TV.
Tuesday was quite the eventful day for the satellite broadcaster. It released quarterly figures and announced a looming merger.
Dish Network (NASDAQ:DISH) Corp has announced on Tuesday plans to merge with satellite communications vendor EchoStar Corp, both companies being owned by billionaire Charles Ergen. EchoStar shareholders will receive 2.85 shares of Dish Network's Class A common stock for each EchoStar share held.
Billionaire Charlie Ergen's decision to combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp. in an all-stock deal sent their shares higher on Tuesday.
Dish Networks and EchoStar said today the two public companies will merge, joining the satcaster, streaming services and a nationwide 5G network with a leading satellite communications business.It's a reunion. Dish spun EchoStar out into a standalone company in 2008.
Billionaire Charlie Ergen on merging Dish and EchoStar to expand mobile and satellite telecom empire
Dish and EchoStar chairman Charlie Ergen, and EchoStar CEO Hamid Akhavan join 'Squawk on the Street' to discuss Ergen's decision to merge Dish and EchoStar, how much the company will need to build out its wireless business, and more.
Billionaire Charlie Ergen is combining Dish and EchoStar in an all-stock deal to create one big wireless network that could take on AT&T and Verizon.
Dish Network (DISH) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.82 per share a year ago.
The market is back within earshot of all-time highs. That means that there are plenty of stocks that are rocketing higher.
Billionaire Charlie Ergen is combining his two telecom companies, pay-TV provider Dish Network Corp. DISH, +0.66% and satellite-communications company EchoStar Corp. SATS, +21.26% in an all-stock deal, the companies said Tuesday, confirming a report by the Wall Street Journal late Monday. Upon closing, EchoStar shareholders will receive 2.85 Dish shares for each share of EchoStar Corporation Class A, Class C or Class D common stock and 2.85 shares of DISH Network Class B common stock for each share of EchoStar Corporation Class B common stock they own.