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 held a 2.57% stake in OneWeb and had a $190,000,000 gateway production contract with OneWeb.
The OneWeb gateways EchoStar worked on were designed to switch data traffic between satellites at a rate of 10,000 user terminals per second.
EchoStar ordered a 500 gigabit-per-second Ka-band satellite named Jupiter-3 from Maxar Technologies in 2017.
EchoStar is expanding into South America using capacity on a Telesat satellite, a Eutelsat satellite, and Yahsat’s Al Yah 3 satellite.
EchoStar has sellable U.S. capacity remaining on its Jupiter-2 satellite, which launched in 2016, but that capacity is not near urban centers.
EchoStar added 39,000 new subscribers in its Hughes Network Services business during the first three months of 2020, bringing total subscribers to 1.52 million.
The coronavirus pandemic delayed a March launch of two S-band cubesats EchoStar ordered from Tyvak Nano-Satellite Systems.
EchoStar originally planned to launch the Jupiter-3 satellite in 2021 to provide growth capacity over North and South America for its satellite internet business.
EchoStar’s current best estimate is that the Jupiter-3 satellite will launch in the second half of 2021.
In 2017, EchoStar and SES lost contact with ailing satellites and were able to restore contact and retire those satellites into graveyard orbit.
Three members of the Satellite Industry Association—AT&T, EchoStar, and Hughes—agreed to participate in the FCC’s Keep Americans Connected initiative announced on 2020-03-13.
EchoStar’s subscriber base at the end of 2019 was up 116,000 from the year prior partly due to capacity made available in November on Yahsat’s Al Yah 3 satellite.
EchoStar executives continue to evaluate ways to add capacity while awaiting the launch of Jupiter-3, a half-terabit satellite Maxar Technologies is building for a 2021 launch.
Hughes Network Services generated $1,850,000,000 of EchoStar’s $1,890,000,000 in 2019 revenue.
EchoStar, Khosla Ventures, and OneWeb founder Greg Wyler invested an additional $24,000,000 into Tarana Wireless.
EchoStar briefly lost control of the 20-year-old EchoStar-3 satellite in 2017, creating a collision risk for the Bolivian Space Agency’s nearby Tupak Katari-1 satellite.
Globalstar borrowed $199,000,000 on 2019-11-26 in a financing led by EchoStar and Thermo.
Globalstar refinanced $342,000,000 of debt and secured new loans with help from EchoStar to ensure sufficient cash flow through 2025.
EchoStar acquired Helios Wire and ordered two S-band smallsats from Tyvak to secure S-band spectrum rights with international regulators.
Globalstar is borrowing $199,000,000 through a loan arranged by its controlling shareholder Thermo and fleet operator EchoStar.