A source tells The NY Post that Dish Network and Chairman Charles Ergen are desperate to raise money in advance of its 2025 5G deadline.
. If Dish isn't able to fulfill this obligation it will have to make a"voluntary" $2.2 billion contribution to the regulatory agency. However, Dish is expected to meet this deadline although there is concern about the next one which is two years away.Dish was put in this position because the FCC needed to replace Sprint as one of the"big four" U.S. wireless providers if it allowed T-Mobile to buy Sprint. The agency feared that reducing the number of major U.S.
New Street Research policy analyst Blair Levin says,"We believe the most likely path forward for Dish near term is to negotiate an extension on its 2025 FCC coverage requirement after meeting its June 2023 deadline. A 1–2 year extension would enable Dish to conserve or at least delay $2 to $3 billion of capital spending that would give it more runway to grow its consumer and enterprise subscriber base."Dish is building a standalone 5G network which uses a 5G core.
At the end of this month, the clock will start ticking down toward 2025 and Dish will need to sell off some assets, find a partner, or get an extension. Last month, Ergen said that the bond market was closed to the company so raising additional debt in that manner seems to be out. Investors are worried. The stock, which has lost 53% of its value this year, dropped another 12% in the wake of the story in the
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