EchoStar co-founder Charlie Ergen appeared at the Novaspace Paris World Space Business Week (WSBW) and, along with EchoStar CEO Hamid Akhavan, explained his strategy for delegates. “We are going to be an asset-light, growth company,” Akhavan told a press conference at WSBW. “That’s the forced pivot that we had to make by disposing of our […]
The US cellular businesses of AT&T, Verizon and T-Mobile have had their market presence threatened if not actually dented by the recent moves by EchoStar and Musk’s Starlink. The move by EchoStar in selling off large chunks of spectrum to AT&T (for terrestrial) and Starlink (for satellite) has put the whole sector under the microscope. […]
Analysts at investment bank TD Cowen have issued a note to clients saying that positive news from EchoStar could continue to flow. “EchoStar still owns the highly lucrative 700 and AWS-3 spectrum, in which we note that all three wireless carriers have a robust ecosystem,” TD Cowen analyst Gregory Williams wrote in a note for […]
The Federal Communications Commission (FCC) has been something of a thorn in the side of Charlie Ergen’s EchoStar, and frequently complaining that EchoStar’s use of its wholly-owned 5G cellular spectrum was inadequate. The past month has seen EchoStar agree a $17 billion deal to sell wireless spectrum to Elon Musk’s SpaceX as well as a […]
It seems that Charlie Ergen and EchoStar have decided to trim – if not exit – the satellite direct-to-consumer market. It is selling its AWS-4 and H-Block licences (c. 50MHz of spectrum) to SpaceX for $17 billion (€14.5bn), with up to $8.5 billion in cash and $8.5 billion in Starlink equity. SpaceX will also assume […]
EchoStar’s decision to sell capacity to cellular giant AT&T and its decision to become a virtual operator for its Boost Mobile 5G service has led to lay-offs for Boost staffers. An EchoStar spokesperson says there are no changes in store for the Boost Mobile brand, which will essentially become an MVNO using AT&T’s network. However, […]
Analysts at investment bank BNP-Paribas have welcomed the $23 billion (€19.6bn) agreement from US cellular giant AT&T to acquire spectrum from EchoStar. But the bank says it is not the best news for cable operators. “Overall, we see this as a good deal for AT&T and the wireless industry in general, and a small negative […]
The news that AT&T is paying some $23 billion (€19.8bn) for terrestrial cellular spectrum to EchoStar has alerted many analysts to the implied value of EchoStar’s remaining telephony spectrum. Reports are numerous that both Elon Musk – who has long coveted EchoStar satellite spectrum – and AT&T rival T-Mobile could be next in line for […]
Pay-TV operator EchoStar is selling $23 billions-worth (€19.8bn) of terrestrial spectrum designed to improve 5G and home Internet access. AT&T and EchoStar have also agreed to enhance their long-term wholesale network services agreement, enabling EchoStar to operate as a hybrid mobile network operator providing wireless service under EchoStar’s Boost Mobile brand. AT&T will be the […]
Charlie Ergen’s EchoStar has signed a $1.3 billion (€1.1bn) initial contract with Canada-based MDA Space to build 100 or so low Earth orbiting ‘MDA Aurora’ satellites for its proposed global Direct-to-Device scheme, addressing a potential “350 million Americans” and “more than 7 billion additional people globally”. EchoStar says the total cost of its initial constellation […]