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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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The Buxton Helmsley Group, Inc. raises concerns of financial misstatements and fraudulent conveyances at EchoStar Corporation, NASDAQ: SATS, with an impending $995 million debt obligation. BHG accuses the Company of not addressing serious issues despite evidence-supported allegations of a multibillion-dollar accounting and securities fraud scheme.
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DISH's Boost Wireless Network now offers 5G voice services to over 200 million Americans, showcasing the company's commitment to connectivity and competition in the wireless industry. The network is compatible with leading 5G smartphones and has achieved milestones like being the world's first standalone 5G Open RAN cloud-based network.
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Hughes Network Systems, LLC, a subsidiary of EchoStar, secured a contract from SES Space & Defense to provide a flexible, software-defined, multi-orbit, auto-PACE solution for the Defense Experimentation Using Commercial Space Internet program. The solution will support ground- and air-based testing using Ku- and Ka-band GEO, MEO, and LEO satellite constellations, enhancing resilient broadband connectivity for various test scenarios. Hughes will deliver its NMS, EM&C capabilities, and Smart Network Edge software integrated with next-gen HM100 and HM400 satellite modems. SES Space & Defense will integrate a LEO solution, reinforcing the program's resilience. Hughes' expertise in SATCOM for government, defense, and enterprise sectors ensures cutting-edge technology for customers.
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Hughes Network Systems, LLC, a subsidiary of EchoStar Corporation (Nasdaq: SATS), has been recognized as the Best Satellite Internet Service Provider of 2024 by U.S. News & World Report. Hughesnet offers new service plans with faster speeds, unlimited data, and a low-latency Hughesnet Fusion plan, setting it apart from competitors. Leveraging the JUPITER 3 satellite, Hughesnet now provides download speeds up to 100 Mbps, securing its position as a leader in the industry.
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EchoStar Corporation (Nasdaq: SATS) terminates exchange offers for Convertible Notes due to failure to meet Minimum Tender Condition.
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SLING TV launches its first-ever watch-and-win sweepstakes, The Rewards Program, offering subscribers the chance to win cash prizes by watching their favorite TV shows, sports, news, and entertainment. The program will roll out in phases to more users across the country, with one grand prize winner taking home $5,000. Access to phase one is by invite only to select Orange, Blue, and Orange + Blue subscribers, with the opportunity to earn entries by watching SLING content for at least one day in the month, through February 19.
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DISH TV leads as the first major cable provider to adopt Unified ID 2.0, with SLING TV now the largest vMVPD to enable this unique identification solution. DISH Media announced the enablement of Unified ID 2.0 (UID2), becoming the first MVPD and the largest vMVPD to integrate the innovative solution across its suite of traditional TV and OTT services. UID2 is an identity solution that enables targeted advertising with more precision and measurement across the open internet. The adoption of UID2 across Sling TV and DISH Connected™ enables advertisers to build their media buys around DISH Media's valuable first-party data.
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EchoStar Corporation (SATS) terminates exchange offers and consent solicitations for existing senior notes issued by DISH DBS Corporation. The termination has no effect on previously announced exchange offers for DISH Network Corporation's outstanding convertible notes due 2025 and 2026.
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DISH Network Corporation announces the launch of a new Boost Mobile bundle featuring the latest flip phone, the Summit Flip, along with 12 months of unlimited talk, text, and 3GB of data per month. The bundle aims to provide affordable and reliable mobile communication options for consumers.
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Sling TV introduces a first-of-its-kind free DVR service to its ad-supported streaming television (FAST) service, Sling Freestream. Users now have access to 10 hours of free DVR storage, with no credit card required. The service has grown to over 500 channels, including free sports television, international channels, and more. Users can also subscribe to standalone streaming services and SLING Orange and/or SLING Blue base service for additional content.
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FAQ

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

The current stock price of EchoStar Corporation (SATS) is $22.75 as of December 20, 2024.

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

6.56B
265.00M
15.02%
81.24%
4.4%
Communication Equipment
Communications Services, Nec
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United States of America
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