still believes a merger of his company’s satellite operations with those of AT&T-owned DirecTV is “inevitable.” The timing, though, is unclear in his view.
Ergen has floated the merger scenario numerous times in recent years, noting that antitrust regulators have indicated they were not ready to bless such a combination. But the satellite business is also shrinking dramatically. Dish reported 11.27 pay-TV subscribers as of June 30, which is off 6% from 2019, with about 9 million satellite subscribers.
Ergen said Dish’s footprint, which emphasizes rural areas and small businesses, will keep its satellite dishes in place for some time, even though subscriber counts are continuing to drift down. Having acquired Boost Mobile during the merger of T-Mobile and Sprint, Dish has been continuing to move toward wireless services as its new frontier. Almost the entirety of the hour-long call was devoted to executives’ insights about technologies like milimeter wave and C band, a different neighborhood than the TV distribution realm that has been Dish’s focus for three-plus decades.of 78 cents per share and revenue of $3.19 billion.
Dish Network merge DirecTV now
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: THR - 🏆 411. / 53 Read more »