Based on news stories, $21 Billion in debt, down to about $1.5 Billion in cash and now unprofitable, Chapter 11 might be an option to handle that debt, but then risks the Government taking back the spectrum.
Dish needs about $6-8 Billion next year, just to cover build out, debt coming due, that includes the $3.5 Billion it has to pay T-Mobile next year.
Also just noticed this, it’s Boost Mobile lost another 225,000, down to 7.5 Million subscribers, it had 9 million when Dish took over.
Lastly this-
Liberty Latin America Ltd. on Monday said it is to buy Dish airwaves rights in Puerto Rico and the US Virgin Islands — and about 120,000 prepaid mobile subscribers in those markets — in exchange for cash and international roaming credits.
So selling what they can for quick cash.
edit, it was for $256 million.
(Bloomberg) -- Dish Network Corp. suffered its worst stock decline in 23 years after reporting disappointing third-quarter revenue and a drop in wireless customers that was much worse than analysts predicted.Most Read from BloombergIsrael Latest: North Gaza Cut Off as Reported Deaths Pass...
finance.yahoo.com