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EchoStar Corporation Announces Successful Completion of Various Transformative Strategic Transactions Positioning its Business for the Further Enhancement of its Nationwide Open RAN 5G Network
Prnewswire· 2024-11-12 12:32
Transactions highlight tremendous value of EchoStar's spectrum assets serving as the sturdy platform on which EchoStar will accelerate its deployment of a nationwide wireless service to vigorously compete with incumbent wireless carriers Overwhelming support from approximately $5 billion of existing DISH Network convertible noteholders evidenced by over 96% participation in exchange offers, leaving only $139 million in remaining debt maturities in 2024 and 2025 and significantly improving EchoStar's debt m ...
EchoStar(SATS) - 2024 Q3 - Quarterly Report
2024-11-12 11:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission File Number: 001-33807 EchoStar Corporation (Exact name of registrant as specified in its charter) Nevada 26-1232727 (S ...
Boost Mobile's Exclusive Summit 5G Device Combines Affordability with Performance on Boost Mobile's Blazing-Fast 5G Network
Prnewswire· 2024-11-11 17:23
LITTLETON, Colo., Nov. 11, 2024 /PRNewswire/ -- Boost Mobile is launching its latest 5G smartphone, the Summit 5G, an exclusive Boost Mobile device offering customers lightning-fast 5G speeds, reliability and performance at an unbeatable price. The Summit 5G meets the growing demand for seamless mobile experiences, making 5G service more affordable than ever on Boost Mobile's nationwide 5G network. Boost Mobile's Summit 5G With a sleek design and a vibrant 6.6" HD+ display, the Summit 5G sets a new sta ...
EchoStar Corporation Announces Conference Call for Third Quarter 2024 Financial Results
Prnewswire· 2024-11-06 12:00
ENGLEWOOD, Colo., Nov. 6, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its third quarter 2024 financial results on Tuesday, November 12, 2024, at 11 a.m. Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations.To attend the call, please use the information below for dial-in access. When prompted on dial-in, please utilize the conference ID or ask for the "EchoS ...
EchoStar Corporation Announces Exchange Offers and Consent Solicitations for 0% Convertible Senior Notes due 2025 and 3.375% Convertible Senior Notes due 2026 Issued by DISH Network Corporation
Prnewswire· 2024-10-11 01:31
Launch of Exchange Offers Satisfies Key Milestone in Implementation of EchoStar's Balance Sheet Optimization Transactions and Increased Support from Existing Stakeholders Now Representing Over 90% of DISH's Approximately $5 Billion of Existing Convertible Notes Satisfies Minimum Tender Condition ENGLEWOOD, Colo., Oct. 10, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technology, spectrum, engineerin ...
Will EchoStar's Collaboration With Connected Boost SATS Stock?
ZACKS· 2024-10-08 14:55
EchoStar Corporation (SATS) recently inked a three-year agreement with Connected – a startup focused on providing universal narrowband connectivity from space. Per the deal, SATS will supply its modern EM2050 modules to Connected. The initiative augments Connected's product portfolio by integrating direct-to-device satellite communications. By reducing the dependency on extensive ground infrastructure, this partnership ensures increased reliability and performance in the most isolated regions, leveraging Ec ...
EchoStar Mobile and Connected Partner to Deliver Reliable Off-Grid Connectivity
Prnewswire· 2024-10-08 06:00
Partnership Enables Satellite Coverage Across Europe, Facilitating Personal Connectivity and Addressing the Digital Divide in Remote and Off-Grid Regions DUBLIN and COIMBRA, Portugal, Oct. 8, 2024 /PRNewswire/ -- EchoStar Mobile, a leader in satellite communications, and Connected, a startup dedicated to delivering universal, cost-effective narrowband connectivity from space, have announced a strategic partnership to revolutionize off-grid connectivity. This collaboration introduces Connected One, a cutting ...
EchoStar to Divest Its DISH Business to DIRECTV, Stock Sinks 12%
ZACKS· 2024-10-01 16:45
EchoStar Corporation (SATS) recently inked a definitive agreement to sell its video distribution business, DISH DBS ("DISH"), including DISH TV and Sling TV, through a debt exchange transaction of roughly $9.75 billion of DBS notes to DIRECTV. The transaction will consolidate two of the most significant players in the Pay-TV industry, allowing the combined entity to invest more aggressively in its services. By combining DISH and DIRECTV's video services, the deal will enable the new entity to compete more e ...
EchoStar's Dish sale marks disappointing end to Charlie Ergen's 'Seinfeld' strategy
CNBC· 2024-09-30 17:38
Dish's "Seinfeld" strategy appears to have ended quite like the actual show — with its finale a generallyaccepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned "Seinfeld" on an earnings call, responding to an analyst's question about his company's mixed bag of assets. Ergen noted a half-hour episode of the 1990s sitcom would usually start with multiple plot lines without a clear direction, "But it all seemed to come together in the last couple of minutes," he said. "And so I think in ...
EchoStar to sell Dish to DirecTV, combining major pay-TV providers
CNBC· 2024-09-30 17:36
EchoStar is selling its Dish TV provider and digital business Sling to rival provider DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers and sent EchoStar shares plunging 10%. DirecTV agreed to pay a nominal fee of $1 for Dish. The deal will see DirecTV assume about $9.75 billion in debt and is contingent on consent from some of Dish's bondholders, according to a news release. The deal is expected to close in the fourth quarter of 2025. Combined, DirecTV and Dish wil ...