EchoStar Shares Surge Amid DirecTV and DISH Network Merger Talks

GuruFocus09-16

EchoStar (SATS +4%) hit fresh 52-week highs today following reports that AT&T (T, Financial) and its joint-venture partner TPG (TPG, Financial) are discussing a merger between DirecTV and DISH Network...

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href=https://www.gurufocus.com/news/2527507/echostar-shares-surge-amid-directv-and-dish-network-merger-talks><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EchoStar (SATS +4%) hit fresh 52-week highs today following reports that AT&T (T, Financial) and its joint-venture partner TPG (TPG, Financial) are discussing a merger between DirecTV and DISH Network...</p>\n\n<a href=\"https://www.gurufocus.com/news/2527507/echostar-shares-surge-amid-directv-and-dish-network-merger-talks\">Source 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SATS, the holding company for DISH Network, owns assets like Boost Mobile, Sling TV, and HughesNet. AT&T acquired DirecTV nearly a decade ago for over $67 billion.No company spokesperson has confirmed the rumors yet. If the merger happens, it would create a significant player in the pay-TV industry. DirecTV had around 11 million subscribers last year, while DISH had about 6 million at the end of its most recent quarter.The combined subscriber count would be substantial but still below each company's peak. DirecTV lost approximately 2 million subscribers last year. In 2013, DirecTV had over 20 million subscribers, and DISH had more than 14 million. This isn't the first time a merger has been discussed. In 2002, regulators blocked a merger due to antitrust concerns. Today's environment is different. The rise of streaming services like YouTube TV (GOOG, Financial) and FuboTV (FUBO, Financial) has led to increased cord-cutting. SATS’s Sling TV added 78,000 new users in Q2, reaching around 2 million total subscribers and achieving profitability, unlike some competitors. AT&T, which formed a joint venture with TPG in 2021 and moved DirecTV to the JV, may be eager for a merger. EchoStar has also invested heavily in wireless infrastructure through its Boost Mobile brand.Amid a shifting TV landscape dominated by streaming giants like Netflix (NFLX, Financial) and Hulu (DIS, Financial), a merger between DirecTV and DISH Network seems more plausible. Antitrust concerns that once blocked the merger have lessened as both companies have seen declining subscriber numbers. With SATS and AT&T shares reaching one-year highs, investors are optimistic about the merger's potential success.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468823062"}