Charlie Ergen, who is a major shareholder in Dish Network and EchoStar, has enjoyed a bump in his overall salary and compensation. Ergen is not quite in the same league as Jeff Bezos or Elon Musk, but this past year his total compensation has rocketed from $2.36 million to $94.7 million although a large portion […]
Analysts at Berenberg Bank have compared and contrasted Europe’s two satellite giants SES and Eutelsat in a detailed report. SES has a balance sheet that is in good shape says Berenberg but, despite its larger size, will generate much less cash flow than Eutelsat in 2021 and 2022, and, given uncertainty about the long-term future […]
Covid-related production problems have hurt the planned launch of EchoStar and Hughes Network’s giant Jupiter 3 satellite. It has now slipped to H2/2022 after originally being scheduled for some time this year. EchoStar 24/Jupiter 3 is a large, multi-spot-beam Ka-band craft and described as one of the world’s highest capacity broadband satellites. It is being […]
Viasat, the California-based international broadband-by-satellite supplier, and Charlie Ergen’s EchoStar satellite business have both suffered a downgrade by analysts at investment bank Jefferies. In essence, the bank’s report says that Viasat’s revenues are likely to be impacted by the Covid pandemic and the bank has downgraded its revenue forecasts for this trading year. The bank […]
Echostar-owned Hughes Network Systems has won a $250 million contract from OneWeb to supply gateway systems and user-terminal modules for OneWeb’s LEO satellites. Hughes will develop and manufacture essential ground system technology for the new LEO constellation. In a three-year contract, Hughes will produce the gateway electronics for the OneWeb system as well as the […]
The bulk of EchoStar’s business these days is focussed on its wholly-owned subsidiary Hughes Network Systems which itself is a major supplier of satellite-based broadband to consumer and business users. Last week EchoStar – itself controlled by Charlie Ergen – reported better than expected results on revenues and EBITDA. The results have prompted a significant […]
Denver-based EchoStar says that its much-needed Jupiter 3 giant broadband satellite, originally slated for a launch in 2021 has been badly delayed. It is likely to be a year late in its launch. The problems, while not specified, are almost certainly down to the Covid-19 virus and inevitable delays in construction at the Maxar Technologies […]
Reports have emerged that London-based satellite operator Inmarsat had “secretly” linked with Hughes Network System to collaborate on winning a major slice of the world’s in-flight broadband services, and bringing costs down to zero for travellers. Inmarsat CEO Rupert Pearce described the link with Hughes (a business owned by Charlie Ergen’s EchoStar) as a “game […]
Charlie Ergen has filed documents with the US Securities & Exchange Commission to create a public company called Conx. Ergen is using Conx as a SPAC (a Special Purpose Acquisition Company) as the shell vehicle for his move. Conx is offering 100 million shares (and possibly up to 115 million) at $10 each as part […]
Putting $50 million into the consortium buying bankrupt OneWeb could be extremely lucrative for EchoStar subsidiary Hughes Network Systems/Hughes Connects (HNS). Hughes was an original investor in OneWeb and is now likely to gain $300 million in contracts for at least some of OneWeb’s important ground segment installations. HNS, via EchoStar, signed a contract with […]