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4-Traders Homepage  >  Equities  >  Nasdaq  >  Dish Network    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 CEST

  • 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
[email protected]
or
For DISH Puerto Rico
Marilyn Rivera Olivieri
787-644-9621
[email protected]
@DISHNews


© Business Wire 2013
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Financials ($)
Sales 2017 14 690 M
EBIT 2017 2 200 M
Net income 2017 1 388 M
Debt 2017 10 175 M
Yield 2017 -
P/E ratio 2017 23,32
P/E ratio 2018 25,75
EV / Sales 2017 2,72x
EV / Sales 2018 2,67x
Capitalization 29 739 M
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Number of Analysts 25
Average target price 74,7 $
Spread / Average Target 17%
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NameTitle
Charles William Ergen Chairman & Chief Executive Officer
W. Erik Carlson President & Chief Operating Officer
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Vivek Khemka Chief Technology Officer & Executive VP
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