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Echostar To Become Dish Network Corp.
Split into two distinct companies, one of which AT&T may still eat

Echostar has filed a preliminary proxy with the Securities and Exchange Commission saying it is changing its name to Dish Network Corp. The move is part of Echostar's plan to split into two distinct companies, one of which will focus on their core satellite offerings, and the other of which (Echostar Holdings Corp) will focus on assets such as newly acquired Sling Media and set-top box manufacturing.

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This split reheated rumors that the company was preparing itself to be acquired by AT&T, who partners with the company in order to offer users their Homezone hybrid DSL/DBS service. The company also this week announced that it would be bidding in the 700Mhz wireless auction (DirecTV has stated they will not). The bid confused some anlysts:
quote:
Wedbush Morgan Securities Inc. analyst William Kidd doubted EchoStar's ability to win the auction, however, and questioned what it would even do with the spectrum. "I would be surprised if they saw this thing through until the end," Kidd said in a phone interview, noting that "it raises all kinds of questions if they do win." Communications spectrum within the Earth's atmosphere would do little good for a company that connects to its customers via outer space, he said. "It's not core to their business," he said. "They're not a wireless telecom provider."
Both satellite operators recently announced a partnership with Clearwire to offer bundled WiMax wireless broadband service.
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zoom314
join:2005-11-21
Yermo, CA

zoom314

Member

It's about time

It's about time they had that name.
cdperson
The Stranger
join:2006-11-06
Canada

1 edit

cdperson

Member

Re: It's about time

I wonder what this means for Bell ExpressVu in Canada, since Echostar provides them with equipment.

WeSRT4
join:2000-11-20
Mobile, AL

WeSRT4

Member

Re: It's about time

said by cdperson:

I wonder what this means for Bell ExpressVu in Canada, since Echostar provides them with equipment.
It means that Echostar will still be the equipment supplier. The article states that Echostar will continue on as Slingbox and a set-top box supplier.

dvd536
as Mr. Pink as they come
Premium Member
join:2001-04-27
Phoenix, AZ

dvd536 to zoom314

Premium Member

to zoom314
This is what companies name gets bad rep. change it and fool everyone again.

corster
Premium Member
join:2002-02-23
Oshawa, ON

corster

Premium Member

Re: It's about time

if the rumors are correct, AT&T May want dish network but not the rest, or vice versa, hence the split...