Dish Bankruptcy - Business as Usual

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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.
 
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dishdude said:
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.
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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.
 
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"
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."
 
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ewindowman said:
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.
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i heard charlie went to dubai begging for money. but he didn't get none... that should have raised red flags.
 
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nelson61 said:
"
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."
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Back when Dish was installing antennas everywhere for their internet service I mapped several of the tower locations around me. One is less than a mile away from me and several more about three miles away in several different directions. If SpaceX does something with these I may be in a prime spot.
 
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Washington Post

SpaceX has held talks with Boost's parent company EchoStar in recent months about launching its own signature wireless service through a deal with the company, according to two people familiar with the negotiations.
Musk, the SpaceX CEO, has discussed the deal personally, meeting with EchoStar chairman Charlie Ergen last month, according to the people. The potential deal may result in SpaceX acquiring Boost Mobile or SpaceX gaining access to its network, which it leases from AT&T and T-Mobile US, the people said.
Access to those lease agreements would be a coup for SpaceX. The back door would allow Musk to make a play for a U.S. wireless market that equity research firm MoffettNathanson estimates is worth $235 billion. But the proposed service may need consent from those carriers for the service to actually launch, the people said.
 
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nelson61 said:
Washington Post

SpaceX has held talks with Boost's parent company EchoStar in recent months about launching its own signature wireless service through a deal with the company, according to two people familiar with the negotiations.
Musk, the SpaceX CEO, has discussed the deal personally, meeting with EchoStar chairman Charlie Ergen last month, according to the people. The potential deal may result in SpaceX acquiring Boost Mobile or SpaceX gaining access to its network, which it leases from AT&T and T-Mobile US, the people said.
Access to those lease agreements would be a coup for SpaceX. The back door would allow Musk to make a play for a U.S. wireless market that equity research firm MoffettNathanson estimates is worth $235 billion. But the proposed service may need consent from those carriers for the service to actually launch, the people said.
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Can't remember where or who I saw predict this. :D

It wouldn't surprise me to see Elon soon own all of DISH / Echostar in the future.
 
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Saved OTA list on Dish can't be appended

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