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EchoStar Corporation - SATS STOCK NEWS

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.

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Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, has launched a small business cybersecurity solution. The Hughes Managed Cybersecurity package offers enterprise-grade protection with automatic wireless backup connection. Powered by Fortinet's Next-Generation Firewall, it safeguards business networks and data against threats across all connected devices.

Key features include cyber protection, content filtering, higher network availability, flexible Wi-Fi connectivity, and real-time threat intelligence. Eligible Visa small business cardholders can save 25% on this solution through Visa SavingsEdge®. The package can be self-installed or professionally installed, and comes with 24/7 expert support and next-day maintenance.

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Boost Mobile, the newest nationwide wireless carrier, has launched its state-of-the-art 5G network with new branding and simplified pricing. The company is offering unlimited plans starting at $25 a month, with the best pricing on any line. Boost Mobile now provides both prepaid and postpaid services under one brand, simplifying the customer experience.

Key features include:

  • A new 30-day money-back guarantee for new customers
  • Coverage to 99% of the country
  • Four new wireless online plans with transparent pricing
  • Add-on services like international coverage and Boost Protect
  • A new visual identity and logo

Boost Mobile aims to shake up the wireless industry by offering more flexibility, better value, and a simplified digital purchasing experience at BoostMobile.com.

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EchoStar (Nasdaq: SATS) has launched the Open RAN Center for Integration and Deployment (ORCID), a state-of-the-art testing and evaluation lab for Open RAN (O-RAN) solutions. The facility, located at EchoStar's Cheyenne, Wyoming data center, is supported by a $50 million grant from the U.S. Department of Commerce's NTIA Public Wireless Supply Chain Innovation Fund.

ORCID offers vendors the opportunity to test and validate O-RAN solutions using EchoStar's live commercial-grade cloud-native Open RAN network. The center features a real field test setup, helping drive the O-RAN ecosystem from lab to commercial deployment. EchoStar manages the ORCID consortium, which includes partners like Fujitsu, Mavenir, and VMware by Broadcom.

Vendors interested in participating in ORCID can now submit applications through the ORCID web portal at orcid.us/.

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Hughes, an EchoStar Company (Nasdaq: SATS), has been awarded the 2023 Cradlepoint Acceleration Partner of the Year Award for its innovative wireless-first approach to connectivity. The award was presented at Cradlepoint's 2024 Global Partner Summit and highlights Hughes' achievements, including the introduction of its Managed Wireless service. This service offers rapid deployment, flexibility, reliability, and a comprehensive turnkey solution for enterprises.

Hughes' recognition underscores its strong relationships with leading technology providers and its ability to deliver secure, reliable wireless connectivity solutions. Cradlepoint acknowledged Hughes' exceptional year-over-year growth and commitment to positioning and selling their wireless and security solutions, which include 5G technologies. The partnership between Hughes and Cradlepoint aims to drive digital transformation for enterprises by enabling agile, secure, and reliable network infrastructures.

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Boost Mobile Network has launched the world’s first nationwide commercial simultaneous 5G four-carrier aggregation (4CC) downlink and two-carrier aggregation (2CC) uplink. This development enhances speeds for customers with compatible devices, such as the Samsung Galaxy S24 family. The network achieved speeds up to 1 Gbps in tests. Carrier aggregation allows Boost to combine more spectrum channels, resulting in greater performance and capacity. The company continues to push technological boundaries, boasting the largest deployment of 5G Voice (VoNR) to over 200 million Americans and 5G broadband service to more than 240 million Americans.

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EchoStar Mobile, an EchoStar company (Nasdaq: SATS), has announced a partnership with Swisscom, Switzerland's leading ICT firm, to expand Swisscom's LoRaWAN IoT footprint across Europe. Leveraging satellite connectivity, EchoStar Mobile will support direct sensor-to-satellite operations, while Actility will facilitate seamless network integration between terrestrial and satellite networks through its ThingPark Exchange roaming hub. This collaboration enables Swisscom to offer borderless IoT connectivity, enhancing services for smart metering, environmental monitoring, agriculture, and more. EchoStar Mobile will provide multi-year IoT satellite connectivity services to Swisscom, promising expansive and reliable coverage.

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On June 13, 2024, Hughes Network Systems (NASDAQ: SATS) announced that Luna Space Telecommunications under Skyband Holding has purchased a JUPITER System Gateway and 1,200 Hughes JUPITER Terminals. This deal aims to upgrade Skyband's VSAT network, enabling higher speeds, broader coverage, and new mobility services across Saudi Arabia. The upgrade will allow Skyband to penetrate new markets, including government, finance, and oil and gas sectors, and introduce features like SD-WAN. This move is expected to enhance productivity and digital transformation in corporate and government sectors.

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Boost Mobile has launched the Celero5G™ SC, a new addition to its exclusive Celero device lineup, offering advanced features at the affordable price of $109.99. The device boasts a 6.6" HD+ display, 50MP dual main cameras, a 5MP front camera, and a long-lasting 5000mAh battery. It supports Boost's 5G network, providing fast download speeds and enhanced call clarity. The Celero5G™ SC is powered by a 2.2GHz octa-core processor, ensuring smooth performance for various tasks. New customers can get the device for free by porting their number, or purchase it for $9.99 on Boost Mobile.com.

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Hughes Europe, a subsidiary of Hughes Network Systems and EchoStar (Nasdaq: SATS), has announced its strategic expansion into the Military, Defence, and Government sectors across Europe.

This initiative will address the rising demand for high-speed connectivity and security needs in Intelligence Surveillance and Reconnaissance (ISR) and Beyond Visual Line of Sight (BVLoS) applications.

Led by Troy Truman, the new business unit will offer high-end communication solutions, including Fully Managed Multi-Orbit Network solution software and SDR waveform agnostic ISR terminals.

In collaboration with Telespazio, the companies will leverage the Eutelsat Konnect VHTS satellite built on Hughes JUPITER System series 3, to provide high-speed services across Europe.

The partnership aims to enhance military Command, Control, and Communications, and meet government data needs.

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AJet has chosen Turkish Cabin Interiors (TCI) in collaboration with Turksat and Hughes for an advanced In-Flight Connectivity (IFC) solution. Hughes, an EchoStar Company (NASDAQ: SATS), will provide the equipment and connectivity management, while Turksat will supply satellite connectivity. This partnership will enhance Wi-Fi services across AJet's fleet of over 120 aircraft. TCI will leverage its aviation engineering expertise to integrate Hughes' innovative solutions. This collaboration aims to provide AJet passengers with a reliable and high-quality IFC experience. Previously, Hughes was selected by Delta Air Lines in November 2023 to provide Wi-Fi services for more than 400 aircraft in North America.

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FAQ

What is the current stock price of EchoStar Corporation (SATS)?

The current stock price of EchoStar Corporation (SATS) is $28.12 as of January 23, 2025.

What is the market cap of EchoStar Corporation (SATS)?

The market cap of EchoStar Corporation (SATS) is approximately 6.6B.

What is EchoStar Corporation?

EchoStar Corporation is a leading global provider of satellite operations and video delivery solutions, known for its pioneering advancements in the satellite and TV industries.

What services does Hughes, a subsidiary of EchoStar, provide?

Hughes, a subsidiary of EchoStar, is the world's top provider of satellite broadband services, offering network technologies and managed services in over 100 countries.

How many customers does EchoStar serve with its satellite television services?

EchoStar serves around 6 million U.S. customers with its satellite television services, which accounts for roughly 10% of the traditional television market.

What is HughesNet®?

HughesNet® is North America's leading high-speed satellite internet service, providing reliable internet connectivity to consumers across the continent.

What recent facility did Hughes open in April 2024?

In April 2024, Hughes opened a new manufacturing facility and private 5G incubation center in Germantown, Maryland, to advance technological development and support local talent.

What is the significance of EchoStar's merger with Dish Network?

The merger with Dish Network has enabled EchoStar to expand its revenue streams, particularly in the satellite television market, while integrating business operations to maximize efficiency and growth.

What recent government contract did EchoStar secure?

EchoStar was awarded an IDIQ contract by the U.S. Naval Supply Systems Command's Spiral 4 program, valued up to $2.7 billion over 10 years, to provide 5G wireless services and devices.

How is EchoStar expanding its wireless network?

EchoStar is building a nationwide wireless network, leveraging its extensive portfolio of spectrum licenses and serving around 7 million customers primarily through the Boost brand.

What is the focus of EchoStar's new initiative in Europe?

EchoStar's new initiative in Europe focuses on providing high-speed connectivity and secure communications to meet the advancing needs of Europe's military and government sectors.

Where can I find more information about EchoStar's services?

For more information about EchoStar's services, visit their official website at www.echostar.com and follow them on X (Twitter) and LinkedIn.
EchoStar Corporation

Nasdaq:SATS

SATS Rankings

SATS Stock Data

6.61B
265.08M
14.91%
81.15%
5.15%
Communication Equipment
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