February 20, 2011 by staff
Dish Network, Dish Network and EchoStar chairman Charlie Ergen may be a pioneer of satellite television, but these days, his children wonder about his line of work. “My children I am crazy to be in the company to pay because they do not pay for television,” Ergen said during an earnings call withanlysts in November, according to a transcript. “They not pay for movies. But they watch a lot of television and movies. ” These remarks were part of a long face if the answer video industry has changed. With increasing competition from cheaper alternatives on the Internet as Netflix, and that viewers watch TV to access content on the go, the landscape has changed significantly.
Ergen not idle, adding features such as Sling GoogleTV and to improve service dishes. And in recent months, he proposed moving billions of dollars that could reshape society satellite TV, he co-founded three decades ago. If successful, the bids would Ergen control of a large block of wireless spectrum at a time when these frequencies are rare and high demand. They also make a dishwasher attractive acquisition target for telecom giants AT & T and Verizon Communications,anlysts said, because wireless carriers will need more than the use of spectrum mobile broadband develops.
Analysts, however, say the strategy with Ergen wireless spectrum is not clear. “Is this a purely financial investment, and it will just turn around and sell it over the next two years?” asked Bryan Kraft, ananlyst at Evercore Partners in New York. “Or is it an investment … He might be able to use in a partnership with a wireless carrier to give wholesale access to a wireless network at attractive?”
Ergen may also choose to build its own wireless network, so Kraft said that the scenario is unlikely. Ergen declined to comment on this story, the spokesman Marc Lumpkin washer noting that EchoStar and dishes, both based in Douglas County, did not discuss publicly the proposed offers. Lumpkin said that companies should do during their quarterly earnings call Thursday.
Tableware, No. 2 nation-TV satellite company, with about 14 million subscribers, a spin-off of EchoStar in 2008. Echo Star makes TV set-top boxes and provides satellite services to businesses.
Ergen said the split would increase the value of the company and help fund expansion. He is the chairman of EchoStar and dishes and also serves as CEO and President washer.
This month, dishes offered to buy bankrupt satellite technology company DBSD North America and for about $ 1 billion.
The agreement is far from certain, as a third company has expressed interest DBSD, who owns a block of 20-megahertz wireless spectrum.
[Source: image via WWW.CYBERTHEATER.COM]
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