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Dish Q1 profit falls on writedowns, bigger subscriber loss

Thursday 7 May 2020 | 13:22 CET | News
US pay-TV operator Dish Network reported a drop in first-quarter net profit to USD 73 million from USD 340 million a year ago, hurt by impairment charges to write down the value of its narrowband IoT network, which it no longer expects to complete, and the D1 and T1 satellites. The company also reported an increase in net subscriber losses to 419,000, as the coronavirus pandemic led to the disconnection of many customers in the hospitality and airline sectors. 

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Categories: Broadcast & Satellite
Companies: Dish Network
Countries: United States
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