A U.S. federal court recently ordered Dish Network Corp. (DISH) to pay a fine of $210 million to the government and four states to settle a long-running court case.
The lawsuit, which started back in 2009, claimed that the Englewood, Colorado-based company, and its contractors made millions of illicit prerecorded phone calls to market its satellite television and programming services. The calls even targeted Do Not Call Registry numbers, which is a database maintained by the U.S. government. It is a list of phone numbers of individuals and households who have submitted a request to avoid calls from telemarketers.
Speaking on the latest court order, the company said in a statement “While we respectfully disagree with the underlying liability judgment, which involves telemarketing calls made between 2003 and 2011, this matter is now resolved.”
U.S. District Judge Sue Myerscough in 2017 found Dish
Apart from this lawsuit, the company has performed reasonably well this year in terms of overall growth. It beat the consensus estimates for both earnings and revenue for the third quarter.
Revenue rose to $4.53 billion in the quarter, as compared to $3.17 billion in the year-ago quarter, and up from analysts’ average estimate of $3.13 billion.
The company said that net pay-TV subscribers in the quarter increased by 116,000 in the quarter, as compared to a surge of 148,000 in the comparable period last year. With the latest additions, its total pay-TV subscribers stood at 11.42 million at the end of Q3.
On the other hand, retail wireless net subscribers in the quarter fell by 212,000 to reach 9.42 million.
5G network upgrades
The company is building its network with the help of a new technology known as RAN, which is an open radio access network. The biggest advantage RAN has over existing technologies is that it uses software to support network functions on the cloud, thus reducing the need for physical devices. Qualcomm will offer its 5G RAN platform to Dish and its network vendors, according to the terms of the agreement.