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Intense competition in the pay-tv market and cord-cutting continue to bother DISH Network (DISH). Weak liquidity position is another headwind.
DISH Network (DISH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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U.S. Telecom: Intra-Industry Competition a Major Concern
AT&T Inc can cite a voluntary commitment not to withhold content in licensing talks as a key part of its defense when an antitrust trial begins next week over the fate of the company's planned $85 billion merger with Time Warner Inc , U.S. District Judge Richard Leon said on Tuesday. The Justice Department filed a lawsuit in November to stop AT&T, which owns DirecTV and other products with 25 million subscribers, from buying movie and TV show maker Time Warner, which owns HBO and CNN, among many other channels. AT&T contends that analysis is fatally flawed because it does not include its commitment for seven years to agree to binding arbitration over disputes with distributors like DISH Network Corp or Comcast Corp over licensing terms.
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The telecom industry witnessed strong earnings performances by most of the key stocks last week.
Total customer relationships of Altice USA Inc. (ATUS) in the fourth quarter were 4.9603 million, including 4.535 million connections for the Residential segment and 0.3713 million connections for the SMB segment.
The Zacks Analyst Blog Highlights: DISH, Cincinnati, CenturyLink, America Movil and Liberty
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The telecom space was rife with earnings reports last week.
Dish Network posted its Q4 results on Wednesday, with revenues declining by over 7% year-over-year to $3.48 billion. Diluted earnings per share grew to $2.66 due to an income tax benefit of about $1.2 billion due to an adjustment to deferred tax assets and liabilities related to tax reform
At the end of 2017, DISH Network Corp. (DISH) had 13.242 million pay-TV subscribers, down 3.1% year over year.