Dish Network Corporation Stock Price, News & Analysis

DISH Wireless has partnered with Mavenir to enhance its cloud-native Open RAN network, utilizing Mavenir's Open vRAN software. This software now supports over 40,000 radios in DISH's 5G environment, enabling VoNR services that improve voice and video quality. Mavenir's solutions facilitate the deployment of these technologies on various cloud infrastructures, contributing to a fully virtualized network. DISH aims to innovate in wireless communications, building America's First Smart Network™, following its acquisition of Boost Mobile in 2020. Mavenir continues to lead technological advancements in the industry.

DISH Network Corporation (NASDAQ: DISH) reported $4.04 billion in revenue for Q4 2022, a decrease from $4.45 billion in Q4 2021. Net income rose to $936 million from $552 million year-over-year, resulting in diluted earnings per share of $1.47, up from $0.87.

For the full year 2022, DISH's total revenue was $16.68 billion, down from $17.88 billion in 2021. The company finished 2022 with 9.75 million pay-TV subscribers and 7.98 million retail wireless subscribers, noting subscriber losses in both segments.

DISH Wireless has initiated the deployment of its 5G network in collaboration with Samsung, marking a significant milestone in the telecom sector. The partnership has led to the launch of Samsung-supported sites with an initial shipment of 24,000 Open RAN radios, enhancing DISH's capability to provide nationwide coverage across the U.S. The collaboration aims to cover up to 70% of the U.S. population, using Samsung's 5G virtualized solutions. This step follows a multi-year agreement established in May 2022, advancing DISH's innovative mobile technology ecosystem.

DISH Network Corp. (NASDAQ: DISH) will hold a conference call on February 23, 2023, at noon ET to discuss its fourth quarter and year-end 2022 results. Participants can join by dialing (877) 612-6725 for U.S. access and using conference ID 888303. A live webcast will be available on the Investor Relations website, and a replay will be accessible for 48 hours post-call. The financial results will be distributed before the call and posted online. DISH, a connectivity company, provides entertainment through DISH TV and SLING TV, and operates as a U.S. wireless carrier after acquiring Boost Mobile in 2020.

On February 9, 2023, Sling TV launched its free advertising-supported streaming service, Sling Freestream, offering over 210 channels and 41,000 on-demand titles without requiring payment or credit card. Available on Roku, Comcast, LG, Samsung, Vizio, and Xbox devices, Freestream aims to cater to diverse viewing preferences. Future enhancements include new content, universal search, and improved app features. Subscribers can upgrade to premium pay TV services seamlessly. Sling TV emphasizes flexibility and choice, continuing to provide affordable options with live TV starting at $40 per month, making it a competitive player in the streaming market.

Wounded Warrior Project and DISH Network announced a partnership to produce a video series titled 'Continuing to Serve', showcasing the stories of six veterans who exemplify resilience after military service. The initiative aims to inspire other veterans and the community by highlighting individual journeys of hope and recovery. The first video features Retired Army Sgt. Angie Peacock, who shares her experience with PTSD and her commitment to helping fellow veterans. This collaboration continues throughout the year, emphasizing the empowerment of warriors through the support of DISH Network.

DISH Network has priced an offering of $1.5 billion in 11.750% Senior Secured Notes due 2027. These securities will be issued at 102.000% of the principal amount, with proceeds allocated for general corporate purposes, including the development of wireless infrastructure. This issuance is an extension of the $2 billion Initial Notes priced in November 2022, bringing the total to $3.5 billion in outstanding notes. The offering is set to close on January 26, 2023, pending customary conditions. The Notes will be offered to qualified institutional buyers under Rule 144A and have not been registered under the Securities Act.

DISH Network Corporation (NASDAQ: DISH) announced plans to offer approximately $500 million in senior secured notes, subject to market conditions. The proceeds will support general corporate purposes, particularly the development of wireless infrastructure. The notes will be secured by assets from certain DISH subsidiaries and will only be available to qualified institutional buyers under Rule 144A of the Securities Act. The offering is not registered under the Securities Act, and sales are prohibited in the U.S. without registration or an exemption. Forward-looking statements are included, highlighting risks and uncertainties associated with this offering.

DISH Network Corporation has appointed Stephen Bye to its Board of Directors, effective January 18, 2023. Bye, who has been with DISH Wireless as Chief Commercial Officer since 2019, played a crucial role in developing the company's standalone 5G network. He will resign from his CCO position on January 17, 2023, to take on a new role as President of Connectivity at Ziff Davis. DISH co-founder Charlie Ergen emphasized Bye's integral role in leading wireless efforts and his contribution to reimagining the wireless market.