Dish Network is aiming to hire a new CMO to help it jump into the wireless business, according to a Yahoo Finance report. The report, citing a Dish document, could indicate that Dish is preparing to launch a new wireless service in the near future, though there is no guarantee the company will do so.
Dish Network CEO Charlie Ergen and other Dish executives said the company is keeping all of its options open in terms of Dish's wireless strategy--but Ergen again expressed enthusiasm for T-Mobile US' approach to the market and its business strategy.
Now that it has emerged from bankruptcy protection, LightSquared wants to get back to what it had planned to do before it got mired in restructuring nearly three years ago: use spectrum to provide wireless service to U.S. customers.
Dish Network's spectrum licenses right now could be worth as much--or possibly more--than the spectrum licenses owned by Sprint or T-Mobile US. Dish's spectrum position, bolstered by the incredible increases in Americans' demands for wireless service, makes Charlie Ergen's Dish an incredibly powerful player in the U.S. wireless market. But how exactly will Dish cash in on that position?
LightSquared's bankruptcy odyssey is over. After spending nearly three years in bankruptcy protection, the wireless firm won approval for a new restructuring plan from a federal bankruptcy court judge and will get recapitalized. Critically, although Dish Network Chairman Charlie Ergen, LightSquared's largest creditor, will get paid in cash for his $1 billion debt claim in LightSquared, he will not be a part of the company's new capital structure.
The LightSquared bankruptcy saga continues. Two private equity firms, Cerberus Capital Management and Solus Alternative Asset Management, proposed a new restructuring plan for LightSquared that has garnered the support of Dish Network Chairman Charlie Ergen, LightSquared's largest creditor.
T-Mobile US executives are making no secret of their desire to work with Dish Network and its chairman Charlie Ergen as Dish ponders how it will enter the wireless industry.
T-Mobile US CEO John Legere reiterated his willingness to work with satellite TV provider and spectrum powerhouse Dish Network in some fashion.
Dish Network wants to use its wireless spectrum to launch an innovative mobile video service, and is willing to partner with companies both in and out of the wireless industry to do so, according to Dish Chairman Charlie Ergen. The key to any teaming would be that Dish and its partner should be able to accomplish more together than they could apart, he said.
Dish Network Chairman and founder Charlie Ergen, who has masterminded the company's push into the wireless market through spectrum purchases and regulatory gambits, will take over as CEO of the company at the end of March. Dish said its current CEO, Joe Clayton, will leave his position and Dish's board as of March 31.