EchoStar, in the process of being merged with satellite pay-TV operator Dish Network, could be facing a Class Action of investors who are dissatisfied with the merger plan. Lawyers for the Action are saying the investigation concerns whether the EchoStar board breached its fiduciary duties to shareholders by failing to conduct a fair process prior […]
In a move they say creates a global connectivity leader with premier wireless, satellite and video distribution capabilities, DISH Network Corporation and EchoStar Corporation have entered into a definitive agreement for DISH Network to combine with EchoStar Corporation in an all-stock merger at a fixed exchange ratio. The news confirms reports in July 2023 that […]
Jupiter 3, a massive satellite owned by EchoStar and serving clients of Hughes Communications which was launched on July 29th, is performing “nominally” – which is good news for its owner. The satellite, manufactured by Maxar Technologies, began sending and receiving its first signals shortly after launch, and engineers deployed Jupiter 3’s important solar arrays, […]
After two scrubbed attempts, a SpaceX ‘Heavy’ rocket successfully placed a massive satellite for EchoStar-owned Hughes Communications into orbit in a night-time launch on July 28th. It was the 250th successful mission for SpaceX. The rocket’s core booster was supported by two side boosters – which a few minutes later made a synchronised landing back […]
Charlie Ergen, who is chairman of both DISH Network and EchoStar, is reportedly looking to merge the two businesses. Both companies are said to have appointed advisors, according to Semafor who first reported the story. DISH Network looks after Ergen’s declining pay-TV business including its DISH Anywhere and Sling OTT services. DISH is also the […]
EchoStar’s S-band service has achieved a 2023 IoT Business Impact Award from IoT Evolution and announced that seven leading European Internet of Things (IoT) service providers have signed multi-year commercial agreements to develop and sell IoT solutions using EchoStar Mobile’s Pan-European, satellite based, LoRa-enabled IoT network. EchoStar’s customers are API-K, Cyric, DalesLandNet, Dryad, Galaxy1, ProEsys […]
The massive Jupiter 3 satellite (also known as EchoStar XXIV) has arrived at Cape Canaveral in readiness for launch. The craft is the largest commercial communications satellite ever built. Built by Maxar Technologies of Palo Alto, California, it was flown in a giant Antonov aircraft to the space coast where it will undergo pre-launch testing […]
Hughes Network Systems, an EchoStar, and OneWeb, the low Earth orbit (LEO) satellite communications company, have agreed a Distribution Partner agreement to provide LEO connectivity services to the global airline market. As a worldwide OneWeb distributor, Hughes is launching new LEO in-flight connectivity (IFC) solutions, powered by the company’s electronically steered antenna (ESA), for airlines […]
EchoStar is sitting on a war chest of $1.7 billion in cash, and wants to invest in an expanded fleet of wide-band satellites to augment its existing 28-craft fleet of Lyra narrowband satellites. The news emerged in EchoStar’s post-result analyst call when CEO Hamid Akhavan said: “We are in the design and engineering phase of […]
EchoStar, in its recent results, highlighted its best performance in five quarters, reporting EBITDA that was ~9 per cent above consensus. Revenues were basically flat (but ~3 per cent above consensus), as equipment revenues grew 43 per cent, offset by a 7.6 per cent decline in service revenues (primarily consumer-based at Hughes Network). On March […]