New Street Research - DISH Network Corporation Class A (DISH) ... Chapter 11 and Spectrum Values – Questions We Didn’t Get To

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New Street Research

Blair Levin ...

Jonathan Chaplin
Philip Burnett

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Chapter 11 and Spectrum Values – Questions We Didn’t Get To

We hosted a call on Monday that covered our analysis of the impact of the FCC inquiries on spectrum values, and how this could change if the Company files for Chapter 11 protection. We hosted the call with Jeff Carlisle who is perhaps the leading expert on matters that sit at the intersection of telecom policy and bankruptcy. We got more questions than we could answer in the time we had, and so we covered the questions we didn’t get to in this note.

05/06/2025 1 EN

Underlyings

DISH Network Corporation Class A

DISH Network is a holding company. Through its subsidiaries, the company operates two business segments: Pay-TV and Wireless. The company provides pay-TV services under: the DISH? brand, which consists of, among other things, Federal Communications Commission licenses authorizing the company to use direct broadcast satellite and Fixed Satellite Service spectrum, the company's owned and leased satellites, and certain other assets utilized in the company's operations; and the Sling? brand, which consists of, among other things, live-linear streaming over-the-top Internet-based domestic, international and Latino video programming services. In addition, the company invests to acquire certain wireless spectrum licenses and related assets.

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US25470M1099 NASDAQ Stock Market United States

EchoStar Corporation Class A

EchoStar is a holding company. Through its subsidiaries, the company is a global provider of broadband satellite technologies, broadband internet services for home and small office customers, satellite operations and satellite services. The company operates in two business segments: Hughes, which provides broadband satellite technologies and broadband internet services and broadband network technologies, managed services, equipment, hardware, satellite services and communications solutions; and EchoStar Satellite Services, which uses certain of the company's owned and leased in-orbit satellites and related licenses to provide satellite service operations and satellite services.

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US2787681061 NASDAQ Stock Market United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
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Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Blair Levin

Jonathan Chaplin

Philip Burnett

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Chapter 11 and Spectrum Values – Questions We Didn’t Get To

As SATS Chapter 11 Clock Clicks Down, Does FCC Need to Act?

Mobile and broadband pair trades to consider this summer

Trump Mobile: Just Another MVNO or Game Changer?

The Great Replatforming, part I – the Special Theory

As SATS Chapter 11 Clock Clicks Down, Does FCC Need to Act?

South Korean Telcos Q1 25 review: Peers expected to benefit near-term from SKT’s data breach

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