by InvestorPlace Staff | May 3, 2012 9:38 am
Dish Network (NASDAQ:DISH) executive and majority owner Charles Ergen has a plan for the TV satellite network that he believes will change the telecommunications and satellite television industry: mobility.
Ergen announced a 10-year plan that would put the company on a path to offer cable television, internet access, and video and voice services both in the home and on the go through mobile devices of any and all kinds.
Typically cable television operators and providers offer data, video and voice services for home use, but none that work on mobile devices, according to AP.
Ergen is out to change that model. “When we go install video in your home we can say, `No matter where you are, you can take that video with you,'” Ergen said. “You can also get your broadband and make your voice calls.”
Of course, to accomplish the task Dish Network will need to make major investments in equipment, and the company has started to address that task by purchasing two satellite operators, DBSD North America, Inc., and TerreStar Networks, Inc. looking to use their wireless licenses to offer Internet access.
The company already has video capability after purchasing the bankrupt Blockbuster chain of video rental and purchase stores, and operations with television networks through DishTV.
In a fast-moving industry like satellite television and Internet access, a 10-year plan may seem like a lifetime, but any time a company gets even one leg up on the competition, they are closer to filling a need nobody foresees today.
And that is always worth trying to accomplish.
Source URL: https://investorplace.com/2012/05/dish-tv-wants-to-be-in-your-home-and-on-your-mobile-dish/
Short URL: http://invstplc.com/1nvFKlI
Copyright ©2018 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.