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4-Traders Homepage  >  Equities  >  Nasdaq  >  DISH Network Corp    DISH

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DISH Network Corp : Claro and DISH Join to Offer Customers Bundled TV, Internet, Wireless and Telephone Services in Puerto Rico

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07/24/2013 | 02:50am CET

  • Market leaders to offer bundled services at a better value than cable
  • Most HD channels and fastest Internet available together
  • Bundles available at Claro and DISH retail outlets starting in August

Claro and DISH Puerto Rico, the Island's largest telecommunications and pay-TV providers respectively, announced today that they have entered into a partnership to offer customers bundled services including DISH's pay-TV and Claro's Internet, wireless and telephone services, conveniently on a single bill. Bundled services will be sold at select Claro and DISH retail locations in the Island beginning in mid-August.

"The alliance of these two powerhouse brands will expand the choices available to customers in Puerto Rico," said Joseph P. Clayton, DISH president and chief executive officer.

"With this new alliance, we join Dish's experience as a satellite provider with our telecommunications, entertainment and connectivity services. Claro is reaffirmed as leader in telecommunications and entertainment with the most extensive coverage in the Island," said Enrique Ortiz de Montellano, Claro president and CEO.

The partnership will launch in mid-August with a multi-faceted marketing campaign. Both companies will release more information including consumer offerings at that time.

"Our businesses complement each other to provide access to the best entertainment, sports news and information, as well as a connection to family and friends," added Alfredo Rodriguez, DISH vice president for Latino marketing. "Consumers can now choose from a complete menu to meet their technology needs, and bundle it all on one bill at an affordable price."

DISH is the only pay-TV provider offering more than 100 high-definition (HD) channels in Puerto Rico, and offers its award-winning Hopper® Whole-Home HD DVR including features like AutoHopTM, PrimeTime Anytime? and up to 500 hours of high-definition (2,000 hours of standard definition) recording capability.

Claro is the leader in telecommunications in Puerto Rico, offering Internet, wireless and telephone services. Claro is recognized for its reliable service thanks to a dedicated Internet port through Claro's powerful private fiber optic network.

About DISH

DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network L.L.C., provides approximately 14.092 million satellite TV customers, as of March 31, 2013, with the highest quality programming and technology with the most choices at the best value, including HD Free for Life®. Subscribers enjoy the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation's subsidiary, Blockbuster L.L.C., delivers family entertainment to millions of customers around the world. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.

For Claro
Irmarie Cervera
Subdirectora
Relaciones Corporativas y Publicidad de Claro
787-749-3252 / 787-792-5650
icervera@claropr.com
or
For DISH Puerto Rico
Marilyn Rivera Olivieri
787-644-9621
mrolivieri@gmail.com
@DISHNews


© Business Wire 2013
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Financials ($)
Sales 2016 15 113 M
EBIT 2016 2 183 M
Net income 2016 1 421 M
Debt 2016 9 733 M
Yield 2016 -
P/E ratio 2016 20,37
P/E ratio 2017 22,77
EV / Sales 2016 2,49x
EV / Sales 2017 2,46x
Capitalization 27 967 M
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Number of Analysts 27
Average target price 73,1 $
Spread / Average Target 22%
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NameTitle
Charles William Ergen Chairman & Chief Executive Officer
W. Erik Carlson President & Chief Operating Officer
Steven E. Swain Chief Financial Officer & Senior Vice President
Roger J. Lynch Executive Vice President-Advanced Technologies
Vivek Khemka Chief Technology Officer & Executive VP
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