EchoStar

EchoStar Corp. engages in the design, development, and distribution of digital set-top boxes and products for direct-to-home satellite service providers. It operates through the following business segments: Hughes, and EchoStar Satellite Services (ESS). The Hughes segment provides broadband satellite technologies and broadband internet services to domestic and international consumer customers and broadband network technologies, managed services, equipment, hardware, satellite services and communication solutions to service providers and enterprise customers. The ESS segment owns and leases in-orbit satellites and licenses to lease capacity on a full time and occasional use. The company was founded by Charlie William Ergen, Candy Ergen, and James DeFranco in 1980 and is headquartered in Englewood, CO.

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EchoStar reports solid Q4 performance, eyes growth in enterprise

EchoStar's Q4 2022 performance showcased revenue growth, increased EBITDA, and strong enterprise order intake, with a focus on operational efficiencies and strategic business ventures.
The company faces challenges in balancing consumer and enterprise segment growth, managing overhead costs, and addressing uncertainties around new projects and market opportunities.
Opportunities lie in expanding enterprise business, optimizing capacity in key regions, leveraging upcoming satellite launches, and driving innovation through Horizon 3 strategy implementation.
Overall, EchoStar's performance, strengths, challenges, and opportunities position the company for a transition period in 2023, emphasizing growth in ESS business and global enterprise expansion.

EchoStar reports Q1 revenue dip but strong backlog growth

EchoStar's Q1 2023 showcased mixed financial performance with revenue decline but strong backlog growth and cash position, underpinned by operational efficiencies and strategic initiatives across Horizon phases.
While facing revenue challenges and global economic uncertainties, EchoStar's solid credit position and collaboration potential with DISH present avenues for sustained growth and innovation.
The ongoing CFO search and strategic focus on Horizon activities highlight EchoStar's commitment to financial prudence, operational excellence, and long-term value creation.

EchoStar and DISH merge to drive 5G growth and spectrum consolidation

EchoStar and DISH merger aims for synergy-driven growth, leveraging spectrum rights, AI, and 5G opportunities. Focus on network build-out progress, FCC obligations, and capital deployment for sustainable development. Challenges include regulatory requirements, timing of launches, and rural service obligations amidst industry dynamics.

EchoStar reports Q3 revenue decline, eyes enterprise market growth

EchoStar's Q3 performance reflects revenue and EBITDA declines, with a focus on cost management and strategic initiatives.
Strengths lie in the Horizon strategy, pending merger with DISH, and growth opportunities in the enterprise market.
Challenges include revenue decline, high capital expenditures, and potential limitations in the mobile market.
Opportunities exist in enterprise market growth, 5G infrastructure differentiation, and potential for future revenue growth.

EchoStar reports revenue decline, focuses on 5G growth opportunities

EchoStar's financial performance in 2023 was impacted by subscriber losses and impairment charges, but profitability was maintained in key segments.
The company is strategically positioned to leverage its strengths in satellite technology, streaming services, and 5G capabilities for sustainable growth.
Challenges include subscriber declines, impairment charges, and internal operational inefficiencies that EchoStar aims to address.
Opportunities lie in consumer wireless, enterprise services, partnerships with Amazon, and potential financing arrangements to support growth.

EchoStar reports progress in reducing expenses and attracting higher-value subscribers

EchoStar's Q1 2024 earnings call highlighted progress post-merger with DISH, focusing on reducing expenses, attracting higher-value subscribers, and improving operational efficiency. The company faces challenges from industry shifts but is working on improvements and cost-saving initiatives. Opportunities for growth lie in optimizing operations, acquiring higher-value customers, and reducing costs.

EchoStar reports Q2 revenue decline, focuses on operational improvements

EchoStar's Q2 2024 performance showed revenue exceeding $3.95 billion but declining by 9% YoY, with challenges in OIBDA and free cash flow. Strengths lie in operational improvements, Boost Mobile enhancements, and network optimization.
Challenges include declining revenue, negative free cash flow, and working capital fluctuations. Opportunities exist in refinancing, network deployment, and growth in mobile and Pay-TV segments.
Overall, EchoStar's focus on integration, cost management, and operational resilience positions the company to navigate challenges and capitalize on growth opportunities.

EchoStar reports mixed Q3 results, eyes spectrum asset value

EchoStar's Q3 2024 performance reflects mixed financial results with revenue at $3.9 billion, OIBDA at $317 million, and negative free cash flow of $219 million.
Strengths lie in debt reduction through the Video Services sale, operational enhancements in Retail Wireless, and achievements in the Broadband and Satellite Services segment.
Challenges include negative free cash flow, uncertainties in growth strategies, leveraging spectrum asset value, and potential integration issues post Video Services sale.
Opportunities exist in unlocking spectrum asset value, expanding Boost Mobile's 5G coverage, Apple retail store partnerships, and strategic collaborations in the satellite industry.

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EchoStar Corp. engages in the design, development, and distribution of digital set-top boxes and products for direct-to-home satellite service providers. It operates through the following business segments: Pay-TV, Retail Wireless, 5G Network Deployment and Broadband and Satellite Services. The Pay-TV segment business strategy is to be the best provider of video services in the United States by providing products with the best technology, outstanding customer service, and great value. The Retail Wireless segment offers Retail Wireless services as well as a competitive portfolio of wireless devices. The 5G Network Deployment segment business strategy is to commercialize Wireless spectrum licenses through the completion of 5G Network Deployment. The Broadband and Satellite Services segment business strategy is to maintain and improve leadership position and competitive advantage through development of technologies and services marketed to selected sectors within the consumer, enterprise and government markets globally. The company was founded by Charlie William Ergen, Candy Ergen, and James DeFranco in 1980 and is headquartered in Englewood, CO.

JUPITER-powered satellite internet plans allow customers to connect, stream and play wherever they live GERMANTOWN, Md., Dec. 19, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today introduced new Hughesnet® high-speed satellite internet plans that allow customers to connect, stream and play wherever they live.

Hughes Elevates Rural America's Internet Experience with the New Hughesnet

NEW ORLEANS , Dec. 12, 2023 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

ECHOSTAR INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of EchoStar Corporation - SATS

DISH Network

The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire Charlie Ergen's telecom empire to tackle growing competition from larger U.S. carriers.

US FCC approves Dish, EchoStar merger deal, shares rise

Maxar Technologies

PALO ALTO, Calif.--(BUSINESS WIRE)--Maxar Space Systems today announced that it had successfully handed over operations of the largest commercial communications satellite ever manufactured in their Palo Alto, California facility, the JUPITER™ 3 satellite, for EchoStar. The satellite includes 14 solar panels on board that when fully deployed could span a 10-story building. Maxar Space Systems manufactured the spacecraft, which is also called EchoStar XXIV, in their Northern California facility.

Maxar Space Systems Successfully Hands Over the Largest Commercial Satellite Built, JUPITER 3, to EchoStar

Largest commercial communications satellite ever launched in final test stage before service   GERMANTOWN, Md. , Nov. 16, 2023 /PRNewswire/ -- Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, today announced its JUPITER™ 3 ultra-high-density satellite has successfully deployed its solar arrays and antennas, and the spacecraft has passed readiness testing by the manufacturer, Maxar Space Systems.

Hughes JUPITER 3 Satellite Begins Over the Air Testing with the Ground System

GERMANTOWN, Md. , Nov. 15, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that it has been recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for Managed Network Services.

Hughes Emerges as a Leader in 2023 Gartner® Magic Quadrant™ for Managed Network Services

Hamid Akhavan, the chief executive and president of EchoStar Corp. SATS, -1.09%, has joined Dish Network Corp. DISH, to serve as that company's CEO and president as well, according to a Monday morning release. The two companies are merging, and they said at the time of the merger announcement that Akhavan would assume the CEO position for the combined entity.

Dish sees EchoStar's Akhavan assume CEO role

EchoStar Corporation (NASDAQ:SATS ) Q3 2023 Earnings Conference Call November 6, 2023 11:00 AM ET Company Participants Dean Manson - Chief Legal Officer Hamid Akhavan - President and CEO Paul Gaske - Chief Operating Officer Jeffrey Boggs - Senior Vice President, Finance Veronika Takacs - Chief Accounting Officer Conference Call Participants Brent Penter - Raymond James Michael Rollins - Citi Chris Quilty - Quilty Space David Barden - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the EchoStar Corporation Third Quarter 2023 Results Conference Call.

EchoStar Corporation (SATS) Q3 2023 Earnings Call Transcript

ENGLEWOOD, Colo. , Nov. 6, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) announced its financial results for the three and nine months ended September 30, 2023.

EchoStar Announces Financial Results for the Three and Nine Months Ended September 30, 2023

ENGLEWOOD, Colo. , Nov. 1, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) will host a conference call to discuss its third quarter 2023 financial results on Monday, November 6, at 11:00 a.m.

EchoStar Corporation Announces Conference Call For Third Quarter 2023 Financial Results

Delta Air Lines

Satellite solution enables Delta passengers with fast, free Wi-Fi, gate to gate  GERMANTOWN, Md. , Nov. 1, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that Delta Air Lines has selected the Hughes In-Flight connectivity solution to power passenger Wi-Fi service on more than 400 Boeing 717 and regional jets serving North America.

Delta Air Lines Selects Hughes In-Flight Connectivity to Elevate the Wi-Fi Experience on Regional Aircraft

LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in EchoStar Corporation ("EchoStar" or "the Company") (NASDAQ:SATS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to combine with DISH Network Corporation ("Dish") in an all-stock merger. The investigation focuses on determining if the EchoStar board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement, and whether the Dish merger is fair for EchoStar shareholders.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against EchoStar Corporation and Encourages Investors with Losses to Contact the Firm

Northrop Grumman

Virgin Galactic

The National Association for Business Economics (NABE) latest survey reveals that nearly seven in 10 economists have confidence in the Federal Reverse's ability to achieve a soft landing for the United States economy. There has been optimism among economists that the U.S. economy will recover in the foreseeable future.

Don't Sleep on These 3 Space Stocks That Will Mint Millionaires

Hughes Managed LEO also available to federal government agencies through U.S. General Services Administration GERMANTOWN, Md. , Aug. 22, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that it has been awarded a five-year, Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Space Force for proliferated Low Earth Orbit (LEO) satellite-based services.

Hughes Awarded Space Force IDIQ Contract for Low Earth Orbit (LEO) Satellite Services

LOS ANGELES, CA / ACCESSWIRE / August 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in EchoStar Corporation ("EchoStar" or "the Company") (NASDAQ:SATS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to combine with DISH Network Corporation ("Dish") in an all-stock merger. The investigation focuses on determining if the EchoStar board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement, and whether the Dish merger is fair for EchoStar shareholders.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against EchoStar Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in EchoStar Corporation ("EchoStar" or "the Company") (NASDAQ:SATS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to combine with DISH Network Corporation ("Dish") in an all-stock merger. The investigation focuses on determining if the EchoStar board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement, and whether the Dish merger is fair for EchoStar shareholders.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against EchoStar Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in EchoStar Corporation ("EchoStar" or "the Company") (NASDAQ:SATS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to combine with DISH Network Corporation ("Dish") in an all-stock merger. The investigation focuses on determining if the EchoStar board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement, and whether the Dish merger is fair for EchoStar shareholders.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against EchoStar Corporation and Encourages Investors with Losses to Contact the Firm

Dish Network's merger with EchoStar delivered a one-day boost to beaten-up DISH stock. Now investors are wondering what's next.

Why Dish Has Plenty Of 'Wood To Chop' After EchoStar Merger

EchoStar Corporation notes backlog growth in Hughes business segment and expects future business growth. An increase in R&D expenses and growing demand for geostationary satellites indicate potential for future innovation and market growth. Despite risks from lack of components or inflation, EchoStar could trade at a higher price.

EchoStar: HughesNet Fusion And Demand For Satellites Imply Undervaluation

EchoStar Corporation (NASDAQ:SATS ) Q2 2023 Earnings Conference Call August 8, 2023 11:00 AM ET Company Participants Timothy Messner - IR Hamid Akhavan - President and CEO Charlie Ergen - Executive Chairman, DISH Network and EchoStar John Swieringa - President and Chief Operating Officer, DISH Tom Cullen - EVP of Corporate Development, DISH Conference Call Participants Richard Prentiss - Raymond James Financial David Barden - Bank of America Walter Piecyk - LightShed Kannan Venkateshwar - Barclays Brett Feldman - Goldman Sachs John Hodulik - UBS Michael Rollins - Citi Craig Moffett - MoffettNathanson Chris Quilty - Quilty Space Drew FitzGerald - WSJ Operator Good day, and thank you for standing by. Welcome to the EchoStar Transaction Announcement Webcast Presentation.

EchoStar Corporation (SATS) Q2 2023 Earnings Call Transcript

Dish Network (NASDAQ:DISH) Corp has announced on Tuesday plans to merge with satellite communications vendor EchoStar Corp, both companies being owned by billionaire Charles Ergen. EchoStar shareholders will receive 2.85 shares of Dish Network's Class A common stock for each EchoStar share held.

DISH Network to merge with EchoStar in all-stock deal

Billionaire Charlie Ergen's decision to combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp. in an all-stock deal sent their shares higher on Tuesday.

Dish bonds rally with stock after all-stock merger with EchoStar

Dish Networks and EchoStar said today the two public companies will merge, joining the satcaster, streaming services and a nationwide 5G network with a leading satellite communications business.It's a reunion. Dish spun EchoStar out into a standalone company in 2008.

Charlie Ergen's Dish Network & EchoStar To Merge, Combining Satellite, Broadband In All-Stock Deal

Billionaire Charlie Ergen is combining Dish and EchoStar in an all-stock deal to create one big wireless network that could take on AT&T and Verizon.

Billionaire Charlie Ergen to Merge Dish and EchoStar

EchoStar (SATS) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.37 per share a year ago.

News for EchoStar Stock (SATS)