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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EchoStar is developing EchoStar Lyra, an S-band constellation of low Earth orbit satellites intended to support Internet of Things connectivity.
The geostationary EchoStar XXI S-band satellite delivers pervasive, two-way connectivity across Europe without requiring roaming agreements across geographies.
Customers can add satellite capability to existing commercially deployed devices by upgrading to the EchoStar Mobile EM2050 low-power, compact dual-mode satellite-terrestrial module.
EchoStar Mobile Limited is the EchoStar subsidiary in Europe that operates a mobile satellite system network using the geostationary EchoStar XXI satellite.
EchoStar is developing EchoStar Lyra, an S-band constellation of low Earth orbit satellites to support Internet of Things connectivity.
EchoStar Mobile Limited is the EchoStar subsidiary in Europe that operates a mobile satellite system network using the geostationary EchoStar XXI satellite.
EchoStar plans to develop a 0.005 kg non-terrestrial network in the S-band.
EchoStar expects the Lyra S-band constellation to start launching in 2024 to connect remote Internet of Things devices.
EchoStar ordered 28 small satellites from Astro Digital in February 2023 for an S-band constellation called Lyra.
Maxar is expected to ship Jupiter 3 to EchoStar’s Florida launch site in June 2023.
Consolidated revenue at EchoStar fell 12.3% year-over-year to $439,600,000 for the first quarter of 2023.
Hughes, EchoStar’s service provider subsidiary, had about 1.18 million broadband subscribers as of 2023-03-31.
EchoStar’s adjusted EBITDA dropped 18.6% to $135,000,000 for the first quarter of 2023.
Delivering Jupiter 3 in June 2023 would prevent Maxar from making additional payments to EchoStar under a compensation plan agreed in 2022.
EchoStar intends the larger connectivity constellation to offer higher-bandwidth 0.005 kg services directly to devices.
Echostar ordered Jupiter 3 from Maxar in 2017.
EchoStar will operate the S-band constellation from its Australian subsidiary EchoStar Global.
The constellation will support 0.005 kg non-terrestrial network services and serve as a foundation for EchoStar to engineer 0.005 kg New Radio-based NTN capabilities according to 3GPP Release 17 specifications.
Astro Digital will manufacture the satellites for the EchoStar S-band constellation.
The EchoStar S-band constellation will deliver global Internet of Things, machine-to-machine, and other data services beginning in 2024.