ECHOSTAR CORPORATION


Associated tags: SATS, EchoStar, Hughes Network Systems, Communication, Communications satellite

Locations: COLORADO, DISH

EchoStar Announces Financial Results for the Three Months Ended March 31, 2024

Retrieved on: 
Wednesday, May 8, 2024

ENGLEWOOD, Colo., May 8, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three months ended March 31, 2024.

Key Points: 
  • ENGLEWOOD, Colo., May 8, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three months ended March 31, 2024.
  • Three Months Ended March 31, 2024:
    EchoStar reported total revenue of $4.01 billion for the first quarter 2024, compared to $4.39 billion in the year ago quarter.
  • Net loss attributable to EchoStar in the first quarter 2024 was $107.38 million, compared to net income of $253.53 million in the year ago quarter.
  • Set forth below is a table highlighting certain of EchoStar's segment results for the three months ended March 31, 2024 and 2023 (all U.S. GAAP amounts reference results from operations):

EchoStar Corporation Announces Conference Call for First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024

ENGLEWOOD, Colo., May 2, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its first quarter 2024 financial results on Wednesday, May 8, 2024, at noon Eastern Time (ET).

Key Points: 
  • ENGLEWOOD, Colo., May 2, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its first quarter 2024 financial results on Wednesday, May 8, 2024, at noon Eastern Time (ET).
  • The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations .
  • When prompted on dial-in, please utilize the conference ID or ask for the "EchoStar Corporation Q1 2024 Earnings Conference Call."
  • EchoStar will distribute its financial results prior to the call, which will also be posted to the Investor Relations website at https://ir.echostar.com/ .

DoD Extends Contract for ORAN-based Private 5G Networks through 2025

Retrieved on: 
Monday, March 18, 2024

ENGLEWOOD, Colo., March 18, 2024 /PRNewswire/ -- Today, EchoStar (Nasdaq: SATS) announced the contract period of performance extension by the Department of Defense (DoD) Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)) FutureG Office, for the continued deployment of standalone 5G networks at Joint Base Pearl Harbor-Hickam (JBPHH) in Hawaii and at the Naval Air Station Whidbey Island (NASWI) in Washington State. The contract extension builds on the award for NASWI in 2021 and additional expansion in Hawaii in 2022, extending both through 2025 with additional 5G enhancements. EchoStar is a premier supporter of the use of Open Radio Access Network (ORAN) in DoD networks and recently won a $50M NTIA grant to build an ORAN test center.   

Key Points: 
  • The contract extension builds on the award for NASWI in 2021 and additional expansion in Hawaii in 2022, extending both through 2025 with additional 5G enhancements.
  • EchoStar is a premier supporter of the use of Open Radio Access Network (ORAN) in DoD networks and recently won a $50M NTIA grant to build an ORAN test center.
  • We are proud to join our industry partners in architecting, deploying, and operating the prototype networks that will set the foundation for 5G standalone ORAN and resilient networks for the DoD going forward."
  • The initial NASWI deployment was completed with a ribbon-cutting ceremony on March 30, 2023 to commemorate the launch of the standalone 5G network.

EchoStar Completes Nationwide Drive Test for Boost Wireless Network, Completing All 2023 FCC Commitments

Retrieved on: 
Thursday, March 14, 2024

ENGLEWOOD, Colo., March 14, 2024  /PRNewswire/ -- EchoStar Corporation filed a letter with the Federal Communications Commission (FCC) certifying that its nationwide 5G network provides download speeds of 35 Mbps or greater to over 70 percent of the U.S. population. This certification follows the successful completion of a nationwide drive test, fulfilling the final element of EchoStar's 2023 deployment commitments to the FCC.

Key Points: 
  • This certification follows the successful completion of a nationwide drive test, fulfilling the final element of EchoStar's 2023 deployment commitments to the FCC.
  • "This drive test confirms the Boost Wireless Network is delivering high-quality service to our customers.
  • The drive test, conducted using an FCC-approved methodology and overseen by an independent monitor, is the third and final component of EchoStar's 2 023 Nationwide 5G Deployment Commitment to the FCC .
  • Today's certification follows other major milestones for the Boost Wireless Network, including the announcement that EchoStar is now providing Voice over New Radio (VoNR) service , or 5G voice, to over 200 million Americans nationwide.

SLING TV Expands its Rewards

Retrieved on: 
Tuesday, March 5, 2024

ENGLEWOOD, Colo., March 5, 2024 /PRNewswire/ -- SLING TV, the streaming TV provider who puts customers in control of their entertainment, is proud to announce the highly anticipated launch of stage two of its newly released Rewards.

Key Points: 
  • ENGLEWOOD, Colo., March 5, 2024 /PRNewswire/ -- SLING TV, the streaming TV provider who puts customers in control of their entertainment, is proud to announce the highly anticipated launch of stage two of its newly released Rewards.
  • With $25,000 in prizes up for grabs, SLING users have more reasons to indulge in their favorite TV shows and movies.
  • 20 people will receive $500 and 125 people will receive a free month of SLING TV.
  • Rewards is currently available by invitation to certain existing SLING customers as of March 5, 2024.

EchoStar Announces Financial Results for the Three and Twelve Months Ended December 31, 2023

Retrieved on: 
Friday, March 1, 2024

ENGLEWOOD, Colo., Feb. 29, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three and twelve months ended December 31, 2023.

Key Points: 
  • ENGLEWOOD, Colo., Feb. 29, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three and twelve months ended December 31, 2023.
  • Twelve Months Ended December 31, 2023:
    EchoStar reported 2023 total revenue of $17.02 billion, compared to $18.63 billion in 2022.
  • Net loss attributable to EchoStar in 2023 was $1.70 billion, compared to net income of $2.48 billion in 2022.
  • Set forth below is a table highlighting certain of EchoStar's segment results for the three and twelve months ended December 31, 2023 and 2022 (all U.S. GAAP amounts reference results from operations):

EchoStar Corporation Announces Conference Call for Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 27, 2024

ENGLEWOOD, Colo., Feb. 27, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference to discuss its fourth quarter and full year 2023 financial results on Friday, March 1, 2024, at noon Eastern Time (ET).

Key Points: 
  • ENGLEWOOD, Colo., Feb. 27, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference to discuss its fourth quarter and full year 2023 financial results on Friday, March 1, 2024, at noon Eastern Time (ET).
  • The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations .
  • When prompted on dial-in, please utilize the conference ID or ask for the "EchoStar Corporation Q4 and Full Year 2023 Earnings Conference Call."
  • EchoStar will distribute its financial results prior to the call, which will also be posted to the Investor Relations website at https://ir.echostar.com/ .

Dryad Networks Selects EchoStar Mobile Satellite IoT Solution for Fire Prevention Service

Retrieved on: 
Thursday, February 22, 2024

MILTON KEYNES, United Kingdom, Feb. 22, 2024 /PRNewswire/ -- Today, EchoStar Mobile Limited, an EchoStar (Nasdaq: SATS) company, announced that Dryad Networks has made an initial purchase of 3,000 EM2050 LoRaWAN® modules and related connectivity services. The modules, powered by Semtech's ultra-low power LR1120 device, will provide embedded LoRaWAN satellite IoT capabilities for the Dryad Silvanet Gateways. Dryad's Silvanet Suite of groundbreaking end-to-end wildfire detection technology is already deployed in 25 countries by a wide range of public and private sector organizations.

Key Points: 
  • The modules, powered by Semtech's ultra-low power LR1120 device, will provide embedded LoRaWAN satellite IoT capabilities for the Dryad Silvanet Gateways.
  • "Each year, wildfires are responsible for 20% of global CO2  emissions and cause $140 billion of financial damages ," said Carsten Brinkschulte, CEO and Co-founder of Dryad Networks.
  • Prior to working with EchoStar Mobile, Dryad relied primarily on terrestrial connectivity with limited support for satellite communications.
  • We are enthusiastic about the outcome of this collaboration with EchoStar Mobile and believe the enablement of satellite technology for IoT leveraging LoRa® and LR-FHSS is just the beginning of a groundbreaking and transformative journey."

DISH Media Partners with PubMatic to Accelerate Programmatic Demand for SLING TV

Retrieved on: 
Thursday, February 15, 2024

SLING TV and PubMatic’s new partnership comes as more consumers seek ad supported streaming providers as a primary means for engaging with TV content.

Key Points: 
  • SLING TV and PubMatic’s new partnership comes as more consumers seek ad supported streaming providers as a primary means for engaging with TV content.
  • The partnership enables DISH Media to access PubMatic’s growing list of supply path optimization partners, which collectively make up over 45% of all activity on the PubMatic platform.
  • "We are strategically expanding our partnerships with SSPs to amplify scale and flexibility for our buyers,” said Andrew Tint, head of programmatic partnerships, DISH Media.
  • “We are excited to partner with DISH Media to offer our advertisers access to the valuable inventory on SLING and enable them to tap into rich targeting signals to drive their campaign objectives.”

EchoStar Corporation Announces Expiration of Exchange Offers and Consent Solicitations Relating to Existing Notes

Retrieved on: 
Monday, February 12, 2024

The exchange offers and consent solicitations expired immediately following 11:59 p.m., Eastern Time, on February 9, 2024 (the "Expiration Date").

Key Points: 
  • The exchange offers and consent solicitations expired immediately following 11:59 p.m., Eastern Time, on February 9, 2024 (the "Expiration Date").
  • As of the Expiration Date, holders of the Existing Notes had not tendered sufficient Existing Notes to meet the Minimum Tender Condition with respect to either exchange offer.
  • Because the Minimum Tender Condition was not satisfied as of the Expiration Date, EchoStar will not accept any Existing Notes tendered for exchange, and all Existing Notes tendered pursuant to the exchange offers will be promptly returned to their holders.
  • No consideration will be paid or become payable to holders of the Existing Notes who tendered their Existing Notes in the exchange offers.