Simultaneous Multi-Orbit and Multi-Band Solution is the First in Aviation Connectivity WASHINGTON, March 6, 2025 /PRNewswire/ -- (Satellite Show 2025 Booth 1902) – Hughes Network Systems, LLC (HUGHES), an EchoStar Company (Nasdaq: SATS), today announced the revolutionary Hughes Fusion Simultaneous Multi-Orbit In-Flight Connectivity Solution is coming to Delta Air Lines for select new delivery A350 and A321neo aircraft. This adds to the already awarded 400+ Delta ERJ, CRJ, and Boeing 717 aircraft. This innov ...

EL SEGUNDO, Calif., March 3, 2025 /PRNewswire/ -- Gen Mobile, a leading provider of prepaid wireless phone service, today announced significant updates to its plans. These updates will offer customers more data, more international, and expanded North American roaming capabilities—with no price increases! As mobile data usage continues to rise, Gen Mobile is stepping up to meet the needs of today's connected consumers and reaffirming its commitment to ensuring that cost is not a barrier to connectivity, espe ...

TORONTO, March 3, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), is pleased to announce the appointment of Chase Ergen to its board of directors (the "Board"). Chase Ergen is a visionary entrepreneur and a leading figure in the decentralized finance space. As the son of Charlie Ergen, founder o ...

Press Release Boost Mobile becomes first mobile operator in world to deploy Nokia cloud-native 5G Voice Core on Public Cloud to accelerate new 5G services #MWC25 Boost Mobile utilizes Nokia's fully cloud-native 5G Voice Core to enable faster deployment of new 5G services, enhanced network automation, and more efficient cloud utilization. 3 March 2025Espoo, Finland – Boost Mobile, the newest U.S. nationwide carrier, has deployed Nokia's fully cloud-native 5G Voice Core to enable even faster delivery of advan ...

Press Release Boost Mobile becomes first mobile operator in world to deploy Nokia cloud-native 5G Voice Core on Public Cloud to accelerate new 5G services #MWC25 Boost Mobile utilizes Nokia’s fully cloud-native 5G Voice Core to enable faster deployment of new 5G services, enhanced network automation, and more efficient cloud utilization. 3 March 2025Espoo, Finland – Boost Mobile, the newest U.S. nationwide carrier, has deployed Nokia’s fully cloud-native 5G Voice Core to enable even faster delivery of advan ...

EchoStar Corporation (SATS) reported fourth-quarter 2024 non-GAAP earnings of $1.23 per share compared with $1.21 in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate by 296%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $4 billion, down 5% year over year. The top line met the consensus mark. Weak demand trends across Pay-TV, Wireless and Broadband and satellite services led to the contraction. Subscriber losses across P ...

Financial Data and Key Metrics Changes - At the end of Q4 2024, total cash and marketable securities increased to $5.7 billion, up $3 billion from the prior quarter, primarily due to financing transactions that raised $5.6 billion in net proceeds [12] - Revenue for Q4 was approximately $4 billion, down 5% year-over-year, mainly due to fewer subscribers in Pay TV and Hughes [15] - For the full year 2024, consolidated revenue was $15.8 billion, a decrease of 7% year-over-year, attributed to subscriber declines across segments [17] - OIBDA for Q4 was $397 million, an increase of $9 million year-over-year, while full-year OIBDA was $1.6 billion, down from $2.1 billion in 2023 [16][17] Business Line Data and Key Metrics Changes - The Pay TV segment saw improvements in churn, ARPU, and SAC, with a year-over-year ARPU increase of 4.2% [20] - HughesNet consumer business closed 2024 with approximately 880,000 subscribers, focusing on acquiring and retaining high-value customers [29] - Boost Mobile achieved consecutive quarter-over-quarter net positive subscriber growth since Q1 2024, finishing the year with approximately 7 million wireless subscribers and a 28% improvement in churn year-over-year [38] Market Data and Key Metrics Changes - Boost Mobile Network was recognized as the number one mobile network in New York City by a third-party benchmarking expert [7] - The company met its 80% FCC coverage commitments by the end of 2024, extending 5G broadband coverage to over 268 million people [42] Company Strategy and Development Direction - The merger with Dish Network aims to create a comprehensive telecommunications entity with a broad portfolio of assets, enhancing capabilities in satellite communications and 5G [3] - The company is focused on maximizing resource utilization to gain market share and accelerate value creation in 2025 [10] - Plans for 2025 include further integration of products across Boost Mobile and Hughes, with a focus on cross-selling and enhancing customer experiences [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver operational improvements in 2025, emphasizing fiscal and operational discipline [49] - The management highlighted the importance of profitable customer acquisition and the potential for growth in the wireless business without capital limitations [128] Other Important Information - The company recognized a $689 million gain on debt extinguishment and successfully extended the maturities of $4.7 billion of convertible notes to 2030 [13] - Hughes was recognized as a leader in the Gartner Magic Quadrant for Managed Network Services for the second consecutive year, reflecting its strong position in the enterprise market [33] Q&A Session Summary Question: What is the target for the number of sites by the end of 2026? - Management indicated that they are focused on meeting FCC commitments and will not disclose specific future site numbers at this time [56] Question: How is Boost Mobile integrating video services? - Management confirmed that they are beginning to cross-bundle services and have integrated Sling service within the Boost Mobile app, with positive early indications [60] Question: How is the direct to device market evolving? - Management believes they are uniquely positioned in the direct to device market and have been offering services in international markets, with plans to expand in the U.S. [68] Question: Can you provide details on wireless ARPU growth? - Management noted that ARPU is rising due to customers adopting higher-priced plans and bundled offers, indicating a trend towards premium market positioning [78] Question: What is the outlook for enterprise and wholesale revenue? - Management highlighted the strong position of Hughes in the enterprise market and the potential for growth, although specific revenue forecasts were not provided [116]

For the quarter ended December 2024, EchoStar (SATS) reported revenue of $3.97 billion, down 4.7% over the same period last year. EPS came in at $1.24, compared to $1.21 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.97 billion, representing no surprise. The company delivered an EPS surprise of +296.83%, with the consensus EPS estimate being -$0.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

EchoStar (SATS) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of a loss of $0.63 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 296.83%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of $0.28 per share when it actually produced a loss of $0.52, delive ...

Core Viewpoint - EchoStar Corporation reported improvements across all business lines, achieving positive free cash flow by the end of 2024, with significant developments in its wireless business, including positive subscriber growth and recognition of its Boost Mobile Network in New York City [3][7]. Financial Performance - For the year ended December 31, 2024, EchoStar's total revenue was $15.83 billion, down from $17.02 billion in 2023, primarily due to subscriber declines in the Pay-TV segment [7]. - The net loss attributable to EchoStar in 2024 was $119.55 million, a significant improvement from a net loss of $1.70 billion in 2023, aided by a noncash gain of approximately $689 million from a debt exchange offer [7]. - Consolidated OIBDA for 2024 was $1.63 billion, compared to $1.32 billion in 2023, indicating improved operational profitability [7]. Subscriber Metrics - The company experienced a decrease of approximately 253,000 net Pay-TV subscribers in Q4 2024, a smaller decline compared to 314,000 in the same quarter of the previous year, ending with 7.78 million total Pay-TV subscribers [7]. - Wireless subscribers, excluding Affordable Connectivity Program (ACP) subscribers, increased by approximately 105,000 in Q4 2024, with a total of 6.995 million wireless subscribers at the end of the quarter [7]. - Broadband Satellite subscribers decreased by approximately 29,000 in Q4 2024, a smaller decline than the 59,000 decrease in the same quarter of 2023, attributed to lower disconnects following the launch of the new EchoStar XXIV satellite service [7]. Segment Results - For the three months ended December 31, 2024, Pay-TV revenue was $2.67 billion, down from $2.82 billion in 2023, while Wireless revenue was $902.85 million, slightly down from $907.61 million [5]. - The total revenue for the year ended December 31, 2024, was $15.83 billion, with Pay-TV contributing $10.69 billion and Wireless contributing $3.61 billion [5][7]. - The operating income (loss) for the Pay-TV segment was $2.65 billion for the year, while the Wireless segment reported an operating loss of $2.83 billion [8]. Cash Flow and Investments - The company reported net cash flows from operating activities of $1.25 billion for 2024, down from $2.43 billion in 2023 [19]. - Total capital expenditures for the year were approximately $2.50 billion, a decrease from $4.22 billion in 2023 [6][19]. - EchoStar's cash and cash equivalents increased to $4.31 billion as of December 31, 2024, compared to $1.82 billion in 2023 [16].