Dish Network's quarterly results beat Wall Street estimates, as it lost fewer pay-TV subscribers
- U.S. satellite TV provider Dish Network Corp on Wednesday posted fourth-quarter profit and revenue that beat expectations as it lost fewer pay-TV subscribers.
Total revenue fell 2.1% to $3.24 billion from $3.31 billion in the year-ago quarter, beating analysts’ average estimate of $3.15 billion. But “equipment is only 20% or so of the cost of building a network,” he added, saying labor, tower leases and zoning and other expenses could exceed $10 billion. “Some big incumbents today spend as much money in a year or two just to maintain their networks as we’ll spend to build the network,” Ergen said.
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