Welcome to our dedicated page for EchoStar Corporation news (Ticker: SATS), a resource for investors and traders seeking the latest updates and insights on EchoStar Corporation stock.
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.
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.
Hughes Network Systems (SATS) has partnered with National 4-H to distribute 1,000 STEM Challenge kits to rural and underserved communities across America. The 2024 'Food for Thought' kit includes three activities: Food Fighters (a board game about food supply chain), Chew on This (food waste reduction challenge), and Know to Grow (plant science activity). This initiative builds on a 10-year partnership between Hughesnet and 4-H, which previously launched free online educational platforms featuring interactive content including augmented reality experiences focused on satellite communication and space exploration.
EchoStar (NASDAQ: SATS) reported financial results for Q3 2024, showing total revenue of $11.86 billion for the first nine months, down from $12.85 billion in the same period last year. The company posted a net loss of $454.78 million, compared to net income of $327.83 million in the year-ago period. Pay-TV subscribers decreased by 43,000 in Q3, while Sling TV gained 145,000 subscribers. The company announced plans to sell its pay-TV business to DIRECTV and secured $5.2 billion in additional financing. Retail Wireless subscribers increased by 62,000, excluding ACP subscribers, while Broadband Satellite subscribers decreased by 43,000.
EchoStar (SATS) has completed several strategic transactions to enhance its nationwide Open RAN 5G Network. The company secured overwhelming support from $5 billion of DISH Network convertible noteholders with over 96% participation in exchange offers. The transactions include the issuance of $2.3 billion in 6.75% Senior Spectrum Secured Exchange Notes and $1.9 billion in 3.875% Convertible Senior Notes, both due 2030. Additionally, EchoStar raised $5.2 billion through new Senior Spectrum Secured Notes and $400 million through a PIPE transaction. These moves significantly improve the company's debt maturity profile, leaving only $139 million in remaining debt maturities for 2024-2025.
Boost Mobile launches its exclusive Summit 5G smartphone, offering affordable 5G connectivity at $94.99, free for new customers porting their numbers, or $19.99 for existing customers upgrading. The device features a 6.6" HD+ display, dual cameras (13MP + 2MP), 5MP front camera, and 5000mAh battery. Powered by a 2.2 GHz Octa-core processor, it delivers smooth performance for streaming and gaming. When paired with Boost's $25/month plan, it represents the most budget-friendly 5G option across carriers, supported by Boost Mobile's nationwide network coverage.
FAQ
What is the current stock price of EchoStar Corporation (SATS)?
What is the market cap of EchoStar Corporation (SATS)?
What is EchoStar Corporation?
What services does Hughes, a subsidiary of EchoStar, provide?
How many customers does EchoStar serve with its satellite television services?
What is HughesNet®?
What recent facility did Hughes open in April 2024?
What is the significance of EchoStar's merger with Dish Network?
What recent government contract did EchoStar secure?
How is EchoStar expanding its wireless network?
What is the focus of EchoStar's new initiative in Europe?
Where can I find more information about EchoStar's services?
