EchoStar/Dish raises doubts about 'ability to continue as a going concern'

[fmj77]

Little more news-

Dish Network has received at least one financing proposal valued at more than $1 billion, with collateral on that financing tied to Dish Network’s extensive spectrum portfolio.

Dish Network is reportedly sitting on $20 billion in debt and posted distressing operational and financial results for its most recent operating quarter. The Bloomberg report cited Bloomberg Intelligence senior credit analyst Stephen Flynn who noted in a recent report that “EchoStar’s debt load of almost $22 billion is likely untenable, and the company could pursue maneuvers to improve liquidity and extend its maturity profile.”

EchoStar ended its most recent quarter with $2.4 billion in cash and marketable securities, which it planned to use pay $1 billion in notes that were due in March. It has another $2 billion in bond securities due in November and $9 billion more due in 2026.

However, it’s not currently generating enough cash flow from operations to help fund that $2 billion in bonds due later this year, thus the current financial scrambling.

Based on that above analysis, Dish needs at least about $15 Billion to cover the debt due within the next 3 years, plus they need to continue to build out to make the 75% FCC Deadline-

Covering 75% of each of its spectrum license areas with 5G, by June 2025. Analysts believe Dish will need another 15,000 cell towers – and an additional $2 billion to $3 billion – to reach that goal.

https://www.sdxcentral.com/articles/analysis/dish-networks-billion-dollar-financing-gamble-intensifies/2024/04/

Could Dish try to push out its 2025 buildout deadlines?

'We believe the most likely path forward for Dish near term is to negotiate an extension on its 2025 FCC coverage requirement,' wrote the financial analysts at Wells Fargo.

www.lightreading.com

With those numbers I don't see how Dish is going to be able to stay in business much longer.

 

[Bruce]

You don't understand what 75% coverage means....even att and verizon have large gaps in rural areas

It might not have anything to do with just rural areas, according to this site, they are not in a few major metro areas, this was updated just 2 months ago, Los Angeles alone would need major money for it’s build out-


Future Planned Areas:

Boston, MA Charleston, WV

Los Angeles, CA

Learn About the Boost Wireless Network | Boost Infinite

The Boost Wireless Network is America's Smart Network™ — a nationwide ecosystem of America's top 5G networks combined for unparalleled coverage.

help.boostinfinite.com

 

[telstar_1]

There are more than 5 million towers in the world. Less than 10% are in the US. China has about 50% of them and India has about 20%. Towers are vulnerable to electronic attack as Russia did to the Ukraine to disrupt their communication. Starlink saved the day by letting Ukraine use their satellite net to communicate . Now that their will be multiple satellite low orbit webs I hope Dish is figuring out how to use them in addition to building towers.

Great, more satellites to clutter & junk up orbital space...