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.

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LITTLETON, Colo. & ALAMEDA, Calif.--(BUSINESS WIRE)-- #5G--Wind River® will now provide core-to-edge cloud infrastructure for the Boost Mobile network. As the largest Open RAN (O-RAN) deployment in the world, providing 5G voice to more than 200 million Americans, Boost Mobile's transition to Wind River Studio Operator will mark the telecom industry's largest containers-as-a-service (CaaS) vendor changeover on an Open RAN network. “Boost Mobile, formerly DISH Wireless, has been and continues to be the.

Boost Mobile and Wind River Collaborate on Largest CaaS Vendor Changeover on an Open RAN Network

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Satellite TV giant DirecTV called off its deal with Charlie Ergen's EchoStar to acquire rival Dish TV and other assets. The deal would have created one of the largest pay TV distributors in the country with a combined 20 million subscribers.

DirecTV calls off acquisition of satellite TV rival Dish — as lenders revolt

US satellite TV business DirecTV (NASDAQ:DTV) is backing out of its agreement to acquire EchoStar's video distribution business, which includes rival Dish TV. DirecTV said it has notified EchoStar of its intention to cancel the acquisition after bondholders, holding $10.7 billion in debt, rejected a proposed debt swap that would have resulted in a $1.6 billion loss.

DirecTV calls off merger with rival Dish

DirecTV has terminated its deal with EchoStar to acquire Dish DBS following bondholders' opposition to the debt-exchange proposal. The merger would have created the largest U.S. pay-TV provider, with DirecTV assuming EchoStar's debt.

DirecTV Abandons Dish Acquisition After Bondholders Reject Proposal

A tie-up meant to help struggling satellite-TV companies is falling apart after creditors balked at a proposal to cut into their holdings.

DirecTV and Dish Satellite Merger Crashes, Again

DirecTV will terminate its planned acquisition of Dish TV after bondholders rejected a debt swap that the deal relied on, Axios reported on Thursday, citing a person familiar with the matter.

DirecTV to terminate Dish deal over debt swap exchange, Axios reports

$6.5M Contract Will Support Open RAN with a RAN Intelligent Controller (RIC) Experimentation for U.S. Department of Defense DENVER , Nov. 19, 2024 /PRNewswire/ -- EchoStar Corporation, (Nasdaq: SATS) today shared that its subsidiary Hughes Network Systems, LLC, was awarded a $6.5 million contract to deploy a 5G Open Radio Access Network (ORAN) prototype at Fort Bliss in El Paso, Texas. The network will feature a RAN Intelligent Controller (RIC), which will allow the U.S. Department of Defense (DoD) to test RIC-based software applications for military networks.

U.S. Army Selects EchoStar's Hughes to Deploy 5G Open RAN with RAN Intelligent Controller at Fort Bliss

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Partnership builds on decade-long relationship with 4-H to inspire young people's interest in STEM through engaging, high quality educational content GERMANTOWN, Md. , Nov. 14, 2024 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), today announced a partnership with National 4-H to provide local 4-H, Boys & Girls Clubs, Inc, and YMCA locations based in rural and underserved communities throughout America with STEM Challenge kits.

Hughesnet and National 4-H Donate 1,000 STEM Education Kits to Students Across America

Satellite TV provider DirecTV is walking away from its planned acquisition of EchoStar's video distribution service, Dish DBS, after Dish bondholders rejected a debt exchange.

DirecTV scrapping DISH merger

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is EchoStar (SATS) Stock Undervalued Right Now?

SATS' Q3 2024 performance is adversely impacted by continued weakness across the Pay-TV and Broadband segments due to substantial subscriber losses.

EchoStar Q3 Earnings Lag Estimates on Lower Revenues, Stock Down 13%

DirecTV's proposed acquisition of Dish assets is more than likely dead after a group of bondholders rejected a revised offer. The deal could possibly be salvaged if Dish Chairman Charlie Ergen comes to the negotiating table, but that currently appears unlikely.

DirecTV says Dish purchase is off

Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's satellite television business that includes Dish TV by Nov. 22 if bondholders don't agree to a debt exchange.

DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails

EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen as key to sealing a merger with satellite rival DirecTV. Shares fell to $22.76, their lowest level since early September, on triple their normal trading volume.

EchoStar Stock Plunges After Dish Network Debt Holders Spurn Bond Deal Seen As Key To DirecTV Merger

EchoStar Corporation (NASDAQ:SATS ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Dean Manson - Chief Legal Officer Hamid Akhavan - Chief Executive Officer & President Paul Orban - Executive Vice President & Principal Financial Officer Gary Schanman - Executive Vice President & Group President, Video Services Jeff Boggs - Senior Vice President, Hughes Finance John Swieringa - President, Technology, & Chief Operating Officer Conference Call Participants Ric Prentiss - Raymond James Walter Piecyk - LightShed Jonathan Chaplin - New Street Research Michael Rollins - Citibank Chris Quilty - Quilty Analytics Sam McHugh - BNP Paribas Operator Welcome to the EchoStar Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

EchoStar Corporation (SATS) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for EchoStar (SATS) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

EchoStar (SATS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

EchoStar (SATS) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to earnings of $0.15 per share a year ago.

EchoStar (SATS) Reports Q3 Loss, Misses Revenue Estimates

ENGLEWOOD, Colo. , Nov. 12, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three and nine months ended September 30, 2024.

EchoStar Announces Financial Results for the Three and Nine Months Ended September 30, 2024

Transactions highlight tremendous value of EchoStar's spectrum assets serving as the sturdy platform on which EchoStar will accelerate its deployment of a nationwide wireless service to vigorously compete with incumbent wireless carriers Overwhelming support from approximately $5 billion of existing DISH Network convertible noteholders evidenced by over 96% participation in exchange offers, leaving only $139 million in remaining debt maturities in 2024 and 2025 and significantly improving EchoStar's debt maturity profile through the extension of such debt maturities to November 2030 Settlement of exchange offers results in EchoStar's issuance of approximately $2.3 billion in aggregate principal amount of its 6.75% Senior Spectrum Secured Exchange Notes due 2030 and approximately $1.9 billion in aggregate principal amount of its 3.875% Convertible Senior Spectrum Secured Notes due 2030 Closing of new 10.75% Senior Spectrum Secured Notes due 2029 by EchoStar delivers $5.2 billion of fresh capital to balance sheet for investment in nationwide Open RAN 5G network and other general corporate purposes Closing of PIPE transaction delivers $400 million of incremental capital to balance sheet for general corporate purposes, including profitable customer acquisition and retention efforts Deployment of previously funded capital from secured financing facility from TPG Angelo Gordon and certain co-investors satisfies DDBS November 2024 maturity in full and clears DDBS debt maturity runway until July 2026 ENGLEWOOD, Colo. , Nov. 12, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technology, spectrum, engineering, manufacturing, networking services, television entertainment and connectivity, today announced the successful completion of various transformative strategic transactions positioning its business for the further enhancement of its nationwide Open RAN 5G Network.

EchoStar Corporation Announces Successful Completion of Various Transformative Strategic Transactions Positioning its Business for the Further Enhancement of its Nationwide Open RAN 5G Network

A group of EchoStar's Dish bondholders rejected a proposed debt-exchange offer from DirecTV that was contingent upon them accepting a "haircut" of $1.5 billion, a document viewed by Reuters on Monday showed.

Dish bondholders reject debt-exchange offer for DirecTV deal, document shows

LITTLETON, Colo. , Nov. 11, 2024 /PRNewswire/ -- Boost Mobile  is launching its latest 5G smartphone, the Summit 5G, an exclusive Boost Mobile device offering customers lightning-fast 5G speeds, reliability and performance at an unbeatable price.

Boost Mobile's Exclusive Summit 5G Device Combines Affordability with Performance on Boost Mobile's Blazing-Fast 5G Network

ENGLEWOOD, Colo. , Nov. 6, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its third quarter 2024 financial results on Tuesday, November 12, 2024, at 11 a.m.

EchoStar Corporation Announces Conference Call for Third Quarter 2024 Financial Results

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BROOMFIELD, Colo. , Nov. 4, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) announced today that its Gogo Galileo HDX electronically steerable antenna (ESA), designed to provide access to Low Earth Orbit (LEO) satellite networks for all sizes of business aircraft, has passed FAA-mandated DO-160 qualification testing.

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