Is Dish in trouble?

Dish bought Boost Mobile (when T-Mobile was forced to spin them off) and it hasn’t been going well – and it may be leading to Dish bankruptcy.

Late last year, Dish re-merged with EchoStar to give the company a monetary boost, but the Q4 numbers are telling the story:

• Boost Mobile lost 123,000 customers

• Retail Wireless revenue dropped from $30 million

• Bloomberg reported Dish has $21 billion in debt from building out the 5G network.

• In an SEC filing, EchoStar’s auditors stated there is “substantial doubt about its ability to continue as a going concern” and highlighted an expectation by the company that it will “use a substantial amount of cash in the next 12 months”.

• In the filing, the company noted a threat to its future 5G network plans if it cannot raise additional funding.