Dish Network Corp beat estimates for quarterly revenue on Monday, as the U.S. sa...
) Prime Video, Dish’s efforts to lure viewers to its online streaming service Sling TV has paid off.
Net income attributable to Dish fell to $317 million, or 60 cents per share, in the second quarter ended June 30, from $439 million, or 83 cents per share, a year earlier. Analysts on average had expected a profit of 65 cents per share on revenue of $3.14 billion, according to IBES data from Refinitiv.On Friday, T-Mobile won U.S. antitrust approval for its $26 billion takeover of rival Sprint after the two companies agreed to divest assets to Dish to create a new wireless carrier.
The Justice Department indicated the deal would improve competition and the rollout of faster 5G networks by combining weaker players and creating a strong, new No. 4, in Dish, that has unused spectrum, or airwaves that carry data, which can be activated. Along with Boost, Dish has also agreed to acquire more spectrum in a deal valued at $3.6 billion from the merged firm. Dish will get access to the new T-Mobile’s network for seven years while it builds its own 5G network.Reporting by Akanksha Rana in Bengaluru and Angela Moon in New York; Editing by Shinjini Ganguli and Lisa Shumaker
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