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.

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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.

Hughes leading-edge technology is ready to transform IFEC for business jet market GERMANTOWN, Md. , Oct. 28, 2024 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), announced the Gogo Galileo HDX Electronically Steerable Antenna (ESA) built by Hughes has completed its test flight on a Bombardier Challenger 300.

Hughes Electronically Steerable Antenna (ESA) Successfully Completes Flight Test Using LEO

Recognized as a leading managed security service provider GERMANTOWN, Md. , Oct. 15, 2024 /PRNewswire/ -- Hughes Network Systems , an EchoStar company (Nasdaq: SATS), announced it was named the 2024 Managed Security Service Provider (MSSP) of the Year by CyberSecurity Breakthrough.

Hughes Named "MSSP of the Year" by CyberSecurity Breakthrough

Launch of Exchange Offers Satisfies Key Milestone in Implementation of EchoStar's Balance Sheet Optimization Transactions and Increased Support from Existing Stakeholders Now Representing Over 90% of DISH's Approximately $5 Billion of Existing Convertible Notes Satisfies Minimum Tender Condition ENGLEWOOD, Colo. , Oct. 10, 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 that it has commenced offers to exchange (the "exchange offers") (i) any and all of the 0% Convertible Notes due 2025 (the "DISH Network 2025 Notes") issued by its subsidiary DISH Network Corporation ("DISH") and (ii) any and all of the 3.375% Convertible Notes due 2026 issued by DISH (the "DISH Network 2026 Notes," and together with the DISH Network 2025 Notes, the "Existing DISH Notes"), for the applicable principal amount of 6.75% Senior Secured Notes due 2030 (the "EchoStar Exchange Notes") and 3.875% Convertible Secured Notes due 2030 (the "EchoStar Convertible Notes" and together with the EchoStar Exchange Notes, the "EchoStar Notes") to be issued by EchoStar set forth in the table below, in each case, pursuant to the terms described in a preliminary prospectus and consent solicitation statement, dated October 10, 2024 (the "Preliminary Exchange Offer Prospectus").

EchoStar Corporation Announces Exchange Offers and Consent Solicitations for 0% Convertible Senior Notes due 2025 and 3.375% Convertible Senior Notes due 2026 Issued by DISH Network Corporation

SATS teams up with Connected to reshape the landscape of off-grid connectivity by launching a cutting-edge Connected One solution.

Will EchoStar's Collaboration With Connected Boost SATS Stock?

Partnership Enables Satellite Coverage Across Europe, Facilitating Personal Connectivity and Addressing the Digital Divide in Remote and Off-Grid Regions DUBLIN and COIMBRA, Portugal , Oct. 8, 2024 /PRNewswire/ -- EchoStar Mobile, a leader in satellite communications, and Connected, a startup dedicated to delivering universal, cost-effective narrowband connectivity from space, have announced a strategic partnership to revolutionize off-grid connectivity. This collaboration introduces Connected One, a cutting-edge IoT solution that leverages EchoStar's satellite technology to bridge connectivity gaps in remote and underserved regions, ensuring users stay connected and safe, even when venturing off the grid.

EchoStar Mobile and Connected Partner to Deliver Reliable Off-Grid Connectivity

SATS is set to sell its DISH unit to DIRECTV through an exchange of nearly $9.75 billion of DBS notes to strengthen its 5G Open RAN wireless network deployment.

EchoStar to Divest Its DISH Business to DIRECTV, Stock Sinks 12%

Verizon stock, AT&T stock, and T-Mobile stock all have double-digit gains in 2024 while facing little competition from EchoStar's 5G Boost Mobile business.

What's Next For EchoStar 5G Network Amid DirecTV-Dish Merger?

AT&T

DirecTV has today announced that it will acquire Dish for just $1.

DirecTV is only paying one dollar for Dish in a major merger of shrinking pay-TV giants

EchoStar agreed to sell pay-TV provider Dish Network to DirecTV Monday for $1 in equity and $9.75 billion in associated debt. The transaction, if approved by regulators, ends Dish's decade-long quest to marry pay-TV and wireless service.

EchoStar's Dish sale marks disappointing end to Charlie Ergen's 'Seinfeld' strategy

EchoStar is selling its Dish TV provider and digital business Sling to rival provider DirecTV in a deal announced Monday. DirecTV agreed to pay a nominal fee of $1 for Dish, while assuming the company's net debt.

EchoStar to sell Dish to DirecTV, combining major pay-TV providers

DirecTV is merging with Dish as it tries to stay competitive in a market that has been dominated by streaming services such as Netflix and Amazon Prime.

DirecTV-Dish merger: How it will impact customers

DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant.

Satellite service DirecTV buys rival Dish as it fights the onslaught of streaming services

Pre-market futures are down this morning following a modest up-week across major indexes. Nothing major at this hour — it looks like a slight roll-back ahead of a new Jobs Week, which gets underway tomorrow.

Jobs Data in Focus

EchoStar is selling its Dish and Sling businesses to DirecTV. DirecTV will pay EchoStar no cash.

Why EchoStar Stock Crashed 18% Today

DirecTV agreed to buy satellite rival Dish network Monday, ending decades of on-and-off talks in a deal that will create one of the country's largest pay TV distributors with a combined 20 million subscribers.

DirecTV to buy debt-laden rival Dish for $1 after decades-long pursuit

Amid controversy within the Liberal Democratic Party (LDP), Japanese Prime Minister Fumio Kishida will step down next month. That will end his three-year run holding the country's top elected office.

As Tenure Ends, Kishida Bullish on Japan's Economy, Markets

DirecTV said Monday it has agreed to acquire Dish Network from EchoStar. The merger would create one of the US' largest pay-TV provider.

DirecTV and Dish Network are combining to form a pay-TV titan

Agreement to sell DISH DBS to DIRECTV refocuses portfolio on growing wireless and satellite connectivity markets Raises $5.1 billion of capital from existing stakeholders for investment in nationwide 5G Open RAN network and other general corporate purposes  Funds near-term maturity and significantly reduces refinancing needs in the next 24-36 months  Provides access to approximately $1.5 billion of DISH Pay-TV cash flow pending closing of DISH DBS sale 1 Conference call for EchoStar investors at 8:30 am ET Monday Sept 30th ENGLEWOOD, Colo. , Sept. 30, 2024 /PRNewswire/ -- EchoStar Corporation ("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 a suite of transformative transactions, including: an agreement to sell DISH DBS Corporation ("DBS") (its Pay-TV business, which includes Sling TV) to DIRECTV creating a combined company that will be better positioned to invest in its services and negotiate with programmers for the content that consumers demand, delivering more choices and better value to its consumers; the receipt of approximately $2.5 billion in new financing from TPG Angelo Gordon and certain co-investors at DBS to address its November 2024 debt maturity and provide interim liquidity; various exchange offers to DBS bondholders providing the opportunity for its stakeholders to support the combination of the DBS and DIRECTV business and roll into the attractive combined credit; a comprehensive financing solution and balance sheet optimization transaction at EchoStar through: a Transaction Support Agreement with certain holders (the "DISH Supporting Investors") of its subsidiary DISH Network Corporation's 0% convertible notes due 2025 (the "2025 Notes") and 3.375% convertible notes due 2026 (the "2026 Notes" and, together with the 2025 Notes, the "DISH Convertible Notes") providing for the exchange of DISH Convertible Notes for new EchoStar secured notes maturing in 2030; and a Commitment Agreement with certain of the DISH Supporting Investors to invest $5.1 billion of new capital in EchoStar through the purchase of EchoStar secured notes maturing in 2029.

EchoStar Announces Suite of Transformative Transactions to Delever Its Balance Sheet and Improve Its Debt Maturity Profile, Transition Its Strategic Focus and Pave the Road for it to Enhance and Further Deploy its Nationwide 5G Open RAN Wireless Network

Subject to the Satisfaction of the Terms and Conditions Described in the Exchange Offering Memorandum, the New DBS Notes Will Be Mandatorily Exchanged for New Secured Notes Issued by DTV Issuer (as defined herein) immediately prior to the consummation of the Acquisition Transaction (as defined below) ENGLEWOOD, Colo. , Sept. 30, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), today announced that DISH DBS Corporation ("DBS") has commenced offers to exchange (the "Exchange Offers") any and all of its (a)  5.25% Senior Secured Notes due 2026 (the "Outstanding 2026 DBS Secured Notes") for an equal principal amount of its new 5.25% First Lien Notes due 2026 (the "New 2026 DBS First Lien Notes"), (b) 5.75% Senior Secured Notes due 2028 (the "Outstanding 2028 DBS Secured Notes") for an equal principal amount of its new 5.75% First Lien Notes due 2028 (the "New 2028 DBS First Lien Notes"), (c) 7.75% Senior Notes due 2026 (the "Outstanding 2026 DBS Notes") for an equal principal amount of its new 7.75% Second Lien Notes due 2026 (the "New 2026 DBS Second Lien Notes"), (d) 7.375% Senior Notes due 2028 (the "Outstanding 2028 DBS Notes") for an equal principal amount of its new 7.375% Second Lien Notes due 2028 (the "New 2028 DBS Second Lien Notes") and (e) 5.125% Senior Notes due 2029 (the "Outstanding 2029 DBS Notes" and, together with the Outstanding 2026 DBS Secured Notes, the Outstanding 2028 DBS Secured Notes, the Outstanding 2026 DBS Notes and the Outstanding 2028 DBS Notes, the "Outstanding Notes") for an equal principal amount of its new 5.125% Second Lien Notes due 2029 (the "New 2029 DBS Second Lien Notes" and, together with the New 2026 DBS First Lien Notes, the New 2028 DBS First Lien Notes, the New 2026 DBS Second Lien Notes and the New 2028 DBS Second Lien Notes, the "New DBS Notes"), in each case, pursuant to the terms described in a confidential exchange offering memorandum and consent solicitation statement, dated September 30, 2024 (the "Exchange Offering Memorandum").

EchoStar Corporation Announces Exchange Offers and Consent Solicitations to exchange 5.25% Senior Secured Notes due 2026, 5.75% Senior Secured Notes due 2028, 7.75% Senior Notes due 2026, 7.375% Senior Notes due 2028, and 5.125% Senior Notes due 2029 Issued by DISH DBS Corporation for New DBS Notes (as defined herein) issued by DISH DBS Corporation

Costco

Micron Technology

Here are some of the major companies whose stocks moved on the week's news.

The Score: Costco, Micron, EchoStar and More Stocks That Defined the Week

EchoStar is in advanced talks to sell satellite TV provider Dish Network to rival DirecTV, according to people familiar with the matter. While the sides hope to complete a deal by Monday, no deal is assured, and the talks may still fall apart, said the people.

EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming

Shares of Dish Network parent EchoStar surged on heavy trading volume Friday on reports of a merger agreement could soon be reached between Dish and satellite TV rival DirecTV. With an hour left in the trading day, the stock was up 9% at $28.08.

Stock In Dish Network Parent EchoStar Surges On DirecTV Merger Reports

Shares of EchoStar (SATS) soared Friday on a report that its Dish is in advanced talks to be acquired by satellite-TV rival DirecTV.

EchoStar Stock Soars on Report Dish Close To Merging With DirecTV

The Wall Street Journal reported DirecTV could acquire rival Dish, creating one of the nation's largest pay-TV providers, in a deal that could be announced as soon as Monday.

Satellite-TV rivals DirecTV, Dish reportedly in advanced merger talks

A deal, which could come Monday, would create one of the country's largest pay-TV distributors.

News for EchoStar Stock (SATS)