New Street Research - DISH Network Corporation Class A (DISH) ... SATS: What to expect on Friday

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New Street Research

Jonathan Chaplin

EUR 9330.00 For Business Accounts Only

SATS: What to expect on Friday

EchoStar (previously Dish) is hosting a conference call on Friday at noon to discuss 4Q23 results (details). Consensus estimates appear to be a mess with not all analysts updating for the merger close. We do our best to make sense of expectations in light of how we think the Company will report results in this brief note. The key areas of focus will be funding maturities in late 2024, prospects for new debt exchanges, subscriber growth at Boost, and savings from moving Boost traffic on network.

29/02/2024 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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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:

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Pan European Telecom Services and Cable

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Analysts

Jonathan Chaplin

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SATS: What to expect on Friday

NSR Policy: The Interconnections of ACP, Spectrum, Title II, and the Second Circuit ruling

Vital Signs: Actionable charts

NSR Policy Key Policy Controversies Heading into Earnings: ACP, NN7/States/USF, Spectrum, and DISH

MTN (Buy, TP: ZAR130, +42%) MTN Ghana – Q1 24: Good start to the year

AMX (Buy, TP: $24, +25%) Why a seemingly (quite) healthy Telco just filed for Chapter 11. Twice.

Liberty Global (Neutral) Q1 24 - The challenge of subscriber momentum

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