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EchoStar Corporation (NASDAQ: SATS) stands as a premier global provider of satellite operations and video delivery solutions. With its headquarters in Englewood, Colorado, and operations spanning worldwide, EchoStar has been a trailblazer in the satellite and television industries for nearly 30 years. The company's wholly owned subsidiary, Hughes, is the world's leading provider of satellite broadband services, offering network technologies and managed services in over 100 countries. EchoStar’s consumer solutions portfolio includes the renowned HughesNet®, North America’s top high-speed satellite internet service, and the popular Slingbox® products from Sling Media.
EchoStar's innovations have garnered multiple Emmy Awards, significantly influencing how consumers view, receive, and manage TV programming. Following the merger with Dish Network, satellite television generates the bulk of EchoStar's revenue, serving around 6 million U.S. customers, approximately 10% of the traditional television market. In 2015, the company launched an internet-based television service under the Sling brand, which now serves about 2 million customers.
Recently, EchoStar has focused on expanding its wireless business. The firm has accumulated a substantial portfolio of spectrum licenses over the past 15 years, building a nationwide wireless network. It acquired Sprint's prepaid business, now serving about 7 million customers, mainly under the Boost brand. EchoStar also remains dedicated to its legacy businesses, providing satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
EchoStar's recent achievements and projects highlight its continued growth and innovation. On April 26, 2024, Hughes opened a new cutting-edge manufacturing facility and private 5G incubation center in Germantown, Maryland. This facility underscores Hughes' commitment to technological advancement and fostering local talent. It produces high-tech products like the Hughes HT3000W JUPITER™ System satellite modem and the Hughes HL1120W Low Earth Orbit (LEO) satellite terminal. The facility also serves as a testing ground for private 5G solutions for enterprise and secure 5G networking applications critical to the U.S. Department of Defense.
Financially, EchoStar continues to show robust performance. On May 8, 2024, the company announced its first-quarter financial results, highlighting efforts to integrate EchoStar and DISH Network businesses, maximize synergies, and drive operational alignment. The addition of the EchoStar XXIV/Jupiter™ 3 satellite has further enhanced their service offerings, ensuring continued profitability and growth.
Moreover, EchoStar has secured significant government contracts. On May 15, 2024, the company announced it had been awarded an indefinite delivery/indefinite quantity (IDIQ) contract by the U.S. Naval Supply Systems Command's Spiral 4 wireless products and services purchasing program, worth up to $2.7 billion over 10 years. This contract will see Hughes Network Systems and Boost Mobile provide 5G wireless services and devices to support DoD usage in all U.S. states and territories.
Continuing its expansion, EchoStar's Hughes Europe subsidiary announced on June 11, 2024, a strategic initiative to meet the growing demand for high-speed connectivity and secure communications across Europe’s military and government sectors. This initiative involves collaboration with Telespazio, leveraging the Eutelsat Konnect VHTS satellite and Hughes JUPITER terminals to provide high-speed service.
EchoStar’s mission to connect everyone, everywhere remains central to its operations, as it continues to innovate and expand its services in the satellite, television, and wireless industries.
EchoStar (NASDAQ: SATS) reported mixed financial results for 2024. Total revenue declined to $15.83 billion from $17.02 billion in 2023, primarily due to subscriber losses in Pay-TV. The company posted a net loss of $119.55 million in 2024, compared to $1.70 billion loss in 2023, benefiting from a $689 million noncash gain from debt restructuring.
Q4 2024 operational highlights include: Pay-TV subscribers decreased by 253,000 to 7.78 million total (5.69M DISH TV, 2.09M Sling TV); Wireless subscribers grew by 105,000 (excluding ACP) to 6.995 million; Broadband Satellite subscribers declined by 29,000 to 883,000. The company's consolidated OIBDA improved to $1.63 billion from $1.32 billion in 2023.
EchoStar (NASDAQ: SATS) has scheduled a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, February 27, 2025, at 11:00 a.m. Eastern Time. The call will be available in listen-only mode on EchoStar's Investor Relations website.
Participants can join via phone using U.S. dial-in (877) 484-6065 or international (201) 689-8846 with Conference ID 13751949. A webcast replay will be available for 48 hours after the call. Financial results will be distributed and posted to the Investor Relations website prior to the call.
EchoStar operates as a provider of technology, networking services, and television entertainment under various brands including EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™.
Boost Mobile announces the availability of the new iPhone 16e for pre-order starting February 21, 2025. New customers can get the device for $199.99 when porting their number and subscribing to Boost's Unlimited Premium plan at $60/month, with no trade-in required.
The iPhone 16e features the A18 chip, Apple Intelligence, a 48MP 2-in-1 camera system with integrated 2x Telephoto, and enhanced battery life. The device will be available in black and white matte finishes and supports eSIM technology for easy activation and plan management.
Boost Mobile emphasizes its nationwide 5G network coverage, available across 99% of the country, recently recognized as the best performing and most reliable network in New York City. The company offers a 30-day money-back guarantee for new customers to test the network.
Boost Mobile has been recognized as the top mobile network in New York City according to umlaut's latest NYC Audit Report. The carrier achieved superior rankings in multiple categories, outperforming AT&T, T-Mobile, and Verizon. Key achievements include:
- Highest overall network performance score, leading by 26 points
- Best network reliability with most consistent connectivity
- Top performance in data speed and reliability
The company operates America's newest 5G standalone Open RAN network featuring American vendors and infrastructure. To celebrate this achievement, Boost Mobile is offering new and existing customers a free year of service on their $25/month Unlimited plan with the purchase of eligible 5G phones, including the latest iPhone 16 and Samsung Galaxy S25 series. The company emphasizes its commitment to providing affordable 5G services without contracts or trade-in requirements, positioning itself as a cost-effective alternative to major carriers.
Boost Mobile announces pre-orders for the Samsung Galaxy S25 Series, offering up to $1,000 in savings with their Infinite Access plan at $65/month, without requiring trade-ins. The new series includes the S25, S25+, and S25 Ultra models, featuring Galaxy AI technology and enhanced camera systems.
The base Galaxy S25 comes with a 50MP main camera, 6.2" display, and 4,000mAh battery. The S25+ upgrades to a 6.7" QHD+ display and 4,900mAh battery, while the S25 Ultra boasts a 200MP main camera. All devices will be available from February 7, with outright purchase starting at $799.99, including one year of free Boost Mobile service.
The devices will operate on Boost's 5G network with four carrier aggregation, backed by a 30-day money-back guarantee for new customers.
Boost Mobile has added two new Samsung smartphones to its 2025 lineup: the Galaxy A15 5G and Galaxy A16 5G. The Galaxy A15 5G, priced at $169.99, features a 6.5" FHD+ Super AMOLED Display and long-lasting battery. New customers porting their numbers to Boost Mobile can get the Galaxy A15 for free with select unlimited plans.
The Galaxy A16 5G, available from January 20 at $199.99, offers an upgraded 6.7" display and enhanced durability. Both devices can be paired with Boost Mobile's unlimited data plans starting at $25 per month. The company emphasizes its nationwide 5G coverage and commitment to providing affordable, high-quality devices for customers.
Hughes Network Systems (NASDAQ: SATS) has released its 2025 State of Secure Network Access Report, revealing significant findings about cybersecurity challenges in hybrid work environments. The study, conducted with Cybersecurity Insiders, surveyed over 400 IT leaders and found that employees are considered the greatest threat to network security.
Key findings show that 63% of organizations use hybrid work models, while 19% operate fully remote. Only 8% have fully implemented SASE solutions, though 32% are in implementation phase and 31% are evaluating. Remote work is the primary driver (45%) for SASE adoption, followed by cloud security enhancement (42%) and Zero Trust implementation (40%).
The report highlights that 47% of organizations lack in-house expertise for implementing innovative security solutions. Zero Trust framework adoption is growing, with 38% currently implementing it and 42% planning to do so within 12 months. Major implementation challenges include integration with existing infrastructure (48%) and policy management complexity (44%).
Boost Mobile and Liberty Tax have partnered to offer significant savings this tax season. Customers can enjoy 25% off tax filing services with Liberty Tax and exclusive deals on Boost Mobile plans and devices. For a time, Boost Mobile offers:
- A free moto g stylus 5G 2024 with port and $10 off per month on Unlimited Premium plans.
- Pay for 6 months, get 6 months free on Unlimited Plus or Premium plans with BYOD.
- Deep device discounts, including the iPhone 15 for $249.99, motorola razr 2024 for $69.99, and Samsung Galaxy A15 5G for free with port.
Additionally, Boost Mobile is holding a sweepstakes for a chance to double your tax refund, up to $10,000 in cash. Visit LibertyTax.com for discounted tax filing services and BoostMobile.com for more on smartphone and service plan offers.
Boost Mobile and Wind River have announced a major collaboration where Wind River will provide core-to-edge cloud infrastructure for Boost Mobile's network. This marks the telecom industry's largest containers-as-a-service (CaaS) vendor changeover on an Open RAN network. The network currently provides 5G voice coverage to over 200 million Americans. Wind River's Studio Operator platform, based on StarlingX project, will deliver cloud-native solutions enabling commercial deployment of next-generation network infrastructure with complete automation and zero-touch provisioning capabilities.
EchoStar 's subsidiary Hughes Network Systems has been awarded a $6.5 million contract to deploy a 5G Open Radio Access Network (ORAN) prototype at Fort Bliss, Texas. The network will feature a RAN Intelligent Controller (RIC) for testing military network applications. The prototype will initially operate as a temporary evaluation network before transitioning to support both DoD and commercial customers. Hughes will serve as prime contractor, integrating RIC with ORAN infrastructure and 5G spectrum from Boost Mobile. The project aims to test rapid spectrum changes at 5G control nodes for mobile command post communications and supports FY 2024 National Defense Authorization Act requirements.
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