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The company also reported 16,000 new mobile subscribers in the second quarter, down from the same time last year.
EchoStar is trying to cash out on spectrum sales while stiffing the companies that built its network.
EchoStar insisted it was forced to sell licenses to ‘buyers approved by the FCC.’
The buy appears opportunistic after recent losses.
It’s a victory for tower companies, who pushed for the condition.
CEO Chris Winfrey is open to more cable consolidation.
The company would still be on the hook for a shortfall payment if the auction fetches less than $2.9 billion.
CFO Peter Osvaldik also reiterated he saw satellite operators as complementary rather than competitive.
DOJ said 84,000 subscribers were ineligible for subsidies. The company didn’t admit any wrongdoing.
Approval is no surprise after FCC chair pressured EchoStar to sell licenses.
Charter reached settlements with two intervenors in California’s review of its Cox acquisition.
Dan Schulman said Verizon still had capacity to grow its fixed wireless service.
The firm’s founder David Grain met with FCC Chairman Brendan Carr last week to pitch the arrangement.
David Dibble, a technologist and former senior executive at Cablevision and Yahoo, has been named vice chairman of Sphere. The appointment by Sphere Entertainment will formalize Di...
CEO John Stankey said the company might have wholesale relationships with more than one satellite provider in the future.
Explore how the telecommunications landscape is evolving with this game-changing spectrum sale. The FCC's approval allows EchoStar to divest valuable spectrum to SpaceX and AT&...
Paramount Skydance CEO David Ellison will be hosting a small dinner "honoring" Trump as he awaits federal approval for the $111 billion merger with WB Discovery The post David Elli...
The FCC approved the $24 billion Echostar sale of spectrum to ATT and the $20 billion cash and stock sale of spectrum to SpaceX. The FCC approved it for US customers to get faster...
McCoy, president and CEO of Circle City Broadcasting, initiated a round of layoffs after paying $83 million to acquire ABC affiliate WRTV in Indianapolis with an FCC waiver
The carriers said they’re looking to foster competition in the direct-to-device space.
Cable One stock tumbled after an ARPU dip.
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