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DISH NETWORK CORPORATION

(DISH)
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DISH Network : Accelaration/Increase of Financial Obligation - Form 8-K

11/19/2021 | 04:34pm EST

SC1-#4717350-v1-Comments_to_CFO_8-K_8_8_2018_v1 compared with SC1-#4717350-v3-Comments_to_CFO_8-K_8_8_2018_v1

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 19, 2021 (November 15, 2021)

DISH NETWORK CORPORATION

(Exact name of registrant as specified in its charter)

001-39144
(Commission File Number)

Nevada

88-0336997

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

9601 South Meridian Boulevard

Englewood, Colorado

80112

(Address of principal executive offices)

(Zip code)

(303) 723-1000
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A common stock, $0.01 par value

DISH

The Nasdaq Stock MarketL.L.C.

DISH DBS CORPORATION

(Exact name of registrant as specified in its charter)

333-31929
(Commission File Number)

Colorado

84-1328967

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

9601 South Meridian Boulevard

Englewood, Colorado

80112

(Address of principal executive offices)

(Zip code)

(303) 723-1000
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Check the appropriate box below if the Form 8-Kfiling is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

Exercise of SNR Put Right

On November 15, 2021, DISH Network Corporation ("DISH") through its wholly-owned subsidiary American AWS-3 Wireless III L.L.C. ("American III") received notice that SNR Wireless Management, LLC ("SNR Management") is exercising the SNR Put Right effective as of the same date. The value of the SNR Put Right has accrued to approximately $300 million as of November 15, 2021. The consummation of the sale (which will be paid using funds provided by DISH) is subject to approval by the Federal Communications Commission.

For further information regarding the SNR Put Right, please see DISH's public filings, including disclosure under the caption "Redeemable Noncontrolling Interests" in DISH's Form 10-Q for the period ended September 30, 2021.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

DISH NETWORK CORPORATION

DISH DBS CORPORATION



Date: November 19, 2021

By:

/s/ Timothy A. Messner

Timothy A. Messner

Executive Vice President and General Counsel

Disclaimer

DISH Network Corporation published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 21:33:09 UTC.


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Sales 2021 17 921 M - -
Net income 2021 2 384 M - -
Net Debt 2021 12 489 M - -
P/E ratio 2021 9,48x
Yield 2021 -
Capitalization 19 137 M 19 137 M -
EV / Sales 2021 1,76x
EV / Sales 2022 1,94x
Nbr of Employees 13 500
Free-Float -
Chart DISH NETWORK CORPORATION
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Technical analysis trends DISH NETWORK CORPORATION
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 36,19 $
Average target price 50,44 $
Spread / Average Target 39,4%
EPS Revisions
Managers and Directors
W. Erik Carlson President, Chief Executive Officer & Director
Paul W. Orban Chief Financial Officer & Executive Vice President
Charles William Ergen Executive Chairman
Atilla Tinic Chief Information Officer & Senior Vice President
Kannan Alagappan Chief Technology Officer & Senior Vice President
Sector and Competitors