Report
Jonathan Chaplin
EUR 9280.00 For Business Accounts Only

DISH Quick Hit: Debt Raise; 4Q22 KPIs; Deployment Progress; Implications

What's new: The company is raising $1.5BN in new debt. They released 4Q22 KPIs and an update on network deployment progress in conjunction with the offering. The KPIs are OK; network deployment is good; putting more cash on the balance sheet at a lower rate than the last raise is great. Our preliminary thoughts in this brief note.
Underlying
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.

Provider
New Street Research
New Street Research

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Analysts
Jonathan Chaplin

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