Thread regarding Dish Network layoffs

If deal is not reached in November, is it likely a bk announcement on the q3 call or no?

No date for Q3 call announced yet; typically they do them towards the end of the range, and don't announce the date until just before the call. Filing deadline should be Nov 15 since they're a large corp so before then I guess

Has DISH's q3 call be announced yet?

The deal is expected to finish late next year. I doubt layoffs happen before then.

Not everyone will be welcomed into DirecTV's organization. They will keep many at first until systems are integrated, letting go Dish employees as time goes by. So anyone thinking they are now safe most likely are deluding themselves. Get out of that sinking ship now.

Employees might carry over to new company.

To the id--t who said “things are looking good!” There are no scenarios things look good for DISH employees. Anyone not polishing resumes, immediately applying for new roles, getting finances organized, etc are about to be in for a rude awakening. No matter the end result, very few employees make it out of this. DISH isn’t being acquired for the employees that ran it into the ground

Things are looking good! So now they have until Nov. 12 to decide?

EchoStar sweetens debt exchange offer.

https://www.bizjournals.com/denver/news/2024/10/29/echostar-debt-exchange-dish-network-directv-merger.html

Is today the last day to agree on said deal? This article mentioned 29th. https://cordcuttersnews.com/dish-direct-merger-in-jeopardy-as-dishs-debt-threatens-to-derail-10-billion-deal/

I doubt tpg/at&t present another offer.

If they do not agree, how soon do you think dish does a BK? Do they have until tomorrow to agree on a deal?

Dish will go BK and they will start selling their spectrum. I don't see how they will be successful as a mobile carrier. I am sure their 5G is good, but their overall customer service and support is terrible.

If the bondholder deal doesn't go through, there are a couple options. The key fact is that Echostar has /some/ time to arrange a deal (bc they have the TPG loan for their November debt); but they can't just continue the status quo indefinitely, because they have additional debt due in 2025 (~2 bn) and 2026 (~9bn) they have to find a way to cover. If the bondholders reject the current deal, some things that might happen are:

• TPG continues negotiating with bondholders, maybe offering them a better deal (less haircuts, shorter extensions, or higher interest) that they eventually accept
• Echostar and TPG negotiate a different deal, with TPG either getting better assets, or taking on less of the existing debt, etc; and based on this TPG makes a new offer to bondholders that is ultimately accepted
• Bondholders reject the deal, TPG sues over their collective bargaining structure, the courts side with TPG, and in a new vote bondholders accept the deal
• The deal falls apart, Echostar uses the TPG loan to pay in November, and manages good enough performance in 2025 to raise additional funding via regular markets in the future (selling new bonds to pay your old bonds isn't necessarily a problem if you're growing and profitable - it's only a problem for dish because they look like a bad investment right now).
• The deal falls through, Echostar can't cash flow the 2 bn in 2025 and can't find any other investors or buyers and goes bankrupt
• The deal falls through, Echostar doesn't try very hard to find additional investors and enters bankruptcy because they think they'll get a better restructuring deal through the courts anyway
• And lots of variants in between these scenarios

Can't echostar just keep Dish if the merger does not go through?

Article said TPG would still give dish the loan regardless if the merger goes through. What is likely to happen the if the deal is not reached? Since the company is focused on phones now and have said it. Is a BK announcement in Nov likely if merger not reached? Can they ask for more time to reach agreement?

Why would they back out now after the announcement?

Don't count your chickens yet. This deal may not go through. I wouldn't be surprised if Direct TV backs out by the November 9 option date.

I wouldn't get too relaxed, the end is still coming. Direct TV didn't acquire Dish for the people. It's a good time to start planning your exit on your terms instead of waiting to be walked out of the building.