Dish Bankruptcy - Business as Usual

[slow_poke_pete]

Notice who Charlie is screwing over...the little guy, as always. It infuriates me that companies can do a pick and choose bk like this, but the little guy? Never.

banks and creditors are used to being screwed

 

[dishdude]

banks and creditors are used to being screwed

They got their money, the people that have leases with Dish to put their 5G antennas on their roofs didn't. Now they have to figure out what to do with the equipment Dish installed.

 

[navychop]

Banks are usually the ones doing the "screwing." I can tell you tales. When a former employer went under, I had mailed the final PR taxes to Uncle Sugar. A bank person informed me they were seizing that cash for what was owed to them. I informed her the IRS had priority. I got treated like sh*t and was told off. I held my peace, figuring this person, and the bank, were about to learn a lesson from the IRS. I notified our lawyer. Not much later, the funds were released to the IRS and WE did not pay penalties and interest. I hope the bank did.

 

[nelson61]

They got their money, the people that have leases with Dish to put their 5G antennas on their roofs didn't. Now they have to figure out what to do with the equipment Dish installed.

It's not over until it's over.
The wireless group is still in bankruptcy and it is quite possible the judge will carve out something regarding the stranded equipment .
Lots of times the big debt holders will throw the little guys a bone to get them to accept a resolution being presented to the judge.

 

[Almighty1]

EchoStar fixes some of its mess, but there's much more to mop up

EchoStar's satellite TV and Sling TV services have exited Chapter 11, but clouds still hover above Dish Wireless, which faces a multitude of lawsuits.

www.lightreading.com

 

[Bruce]

News about the tower's dispute-

Towercos now own Dish's 5G radios – and SpaceX might be a buyer

Tower companies now own Dish's deserted 5G gear, says American Tower CEO Steven Vondran. This could feed into SpaceX's mobile ambitions, analysts say.

www.lightreading.com

 

[comfortably_numb]

News about the tower's dispute-

Towercos now own Dish's 5G radios – and SpaceX might be a buyer

Tower companies now own Dish's deserted 5G gear, says American Tower CEO Steven Vondran. This could feed into SpaceX's mobile ambitions, analysts say.

www.lightreading.com

So does this mean the churches and businesses that Dish owes back payments to are going to get paid now?

 

[navychop]

 

[nelson61]

"
They note that the Dish Wireless radios at issue support the 2GHz and 800MHz spectrum SpaceX is acquiring from EchoStar and Grain.

"Buying compatible equipment already installed on towers could give SpaceX a head start on its wireless terrestrial network build and throw a big bucket of cold water on Verizon's four-to-six-year timeline and $300-$500 billion estimate for SpaceX's buildout," said the analysts."

 

[slow_poke_pete]

Correct me if I'm wrong but Dish borrowed lots of money to start a wireless company that was most likely doomed from the beginning. They bought spectrum at any cost to acquire enough bandwidth to achieve their goal. They signed leases and bought equipment and borrowed more money. They held onto the spectrum as long as possible. They then sold most of it to different companies and made a lot of money. Then they started to screw the companies that were installing and leasing the equipment and cell towers. Now they are going to claim bankruptcy under the Dish Network part of Echo Star while they have billions of dollars. So Dish basically took everyone's money that was involved in the financial part of this transaction made a huge profit is screwing everyone over from the banks to the little guy working on the towers and infrastructure.

i heard charlie went to dubai begging for money. but he didn't get none... that should have raised red flags.