0
General

Moody's downgrades Dish rating on doubts over mobile plans

Monday 29 June 2020 | 08:43 CET | News
Moody's Investors Service has downgraded Dish Networks ratings, saying the company will need a lot more capital to finance its planned 5G IoT network. The agency reduced its rating on Dish bonds to a step below investment grade, to Ba3, from B1. It cited concerns about the height of the investment needed, noting Dish's declining revenues amid the need for more capital to refinance and repay debt. Those concerns will continue until the company secures an equity investment or partners. "We also believe risk is rising due to the continuing secular decline of DBS's pay-TV subscriber base," the

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Dish TV / T-Mobile
Countries: United States
::: add a comment
This article is part of dossier

5G

,

IoT


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Dish prices USD 2 bln convertible debt issue for 5G deployments

Published 18 Dec 2020 09:49 CET | United States
Dish Network has priced its offering of USD 2 billion worth of 0 percent convertible notes due 2025, and granted a greenshoe of ...

Apollo cuts Dish customer access to local stations in 10 markets

Published 23 Jul 2020 09:28 CET | United States
International private equity firm Apollo Global Management,blacked out Dish customers' access to its local channels in 10 ...

Dish enters US mobile market with takeover of Boost Mobile

Published 01 Jul 2020 17:07 CET | United States
Dish Network has completed the takeover of Boost Mobile from T-Mobile for USD 1.4 billion, marking its entry on the US retail ...

Dish picks Fujitsu, Altiostar to support O-RAN roll-out

Published 30 Jun 2020 15:23 CET | United States
Dish Network has given a major endorsement to the O-RAN system with the selection of Altiostar and Fujitsu as suppliers for its ...