EchoStar Corporation (Nasdaq: SATS) is a global telecommunications company providing satellite communication, wireless telecommunications, and internet services. Operating through its Hughes Network Systems and EchoStar Satellite Services segments, it delivers services like pay TV, satellite network solutions, and broadband internet, serving enterprise, government, and consumer markets. EchoStar's offerings include geostationary high throughput satellites, low-earth orbit networks, and mobile solutions, with partners including Jersey Telecom and Swisscom. The company's brands include HughesNet, DISH TV, Sling TV, and Boost Mobile.
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SpaceX paid $19.6 billion for EchoStar spectrum rights.
EchoStar finalized a $17 billion transaction with SpaceX in late 2025.
EchoStar canceled its plans to construct an independent low Earth orbit direct-to-device network after the SpaceX agreement.
EchoStar Chairman Charlie Ergen assumed Akhavan’s former responsibilities as the principal chief executive of the Hughes business block.
EchoStar Capital will be dissolved and folded back into EchoStar’s Corporate Development division under Executive Vice President Tom Cullen.
EchoStar’s commercial data agreement allows Boost Mobile users to use SpaceX’s satellite direct-to-cell infrastructure.
EchoStar Corporation corporate president and chief executive officer Hamid Akhavan stepped down from his leadership roles across EchoStar and Hughes Satellite Systems effective immediately on July 6, 2026.
Citibank initiated equity coverage on EchoStar with a buy rating after the filing.
Hamid Akhavan will remain with EchoStar in a transitional consulting capacity through December 31, 2026.
EchoStar finalized a $23 billion spectrum license transfer to AT&T in late 2025.
Citibank set a long-term target price of $126 per share for EchoStar.
EchoStar established EchoStar Capital in November 2025 to oversee mergers, acquisitions, and reinvestment strategies derived from $42.6 billion in block spectrum divestitures.
EchoStar Capital was initially headed by Hamid Akhavan.
The SpaceX agreement transferred EchoStar’s AWS-4 and H-block mobile-satellite service allocations to support Starlink Direct to Cell.
EchoStar’s wireless and satellite broadcast arms, including Dish DBS and Dish Wireless, filed prepackaged Chapter 11 bankruptcy petitions in July 2026.
FTI Consulting, Inc. is managing financial advisory logistics during EchoStar's Chapter 11 proceedings.
EchoStar executives project that the filing entities will exit Chapter 11 reorganization before the end of the third quarter of 2026.
Creditors holding more than 88% of EchoStar's outstanding secured and unsecured notes signed a Restructuring Support Agreement for the restructuring.
EchoStar has established a standalone $2.4 billion FCC Escrow Trust Fund to pay validated third-party contractor claims tied to the decommissioning and removal of the DISH Wireless 5G tower network.
EchoStar's restructuring was triggered by liquidity constraints after regulatory and administrative delays stalled the closing of its $20.25 billion nationwide wireless spectrum sale to AT&T.