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 reported 1.437 million broadband subscribers as of 2019-09-30, of which around 192,000 were in Central and South America.
EchoStar offers satellite broadband in Canada and in seven countries across Latin America, including Mexico as of 2019-10-01.
EchoStar’s S-band reach uses the Echostar-21 satellite and a partly operational payload on Eutelsat-10A and has been mainly focused on Europe.
EchoStar signed contracts for the construction and launch of a first batch of satellites at a cost of less than $10,000,000.
EchoStar said the launch of Jupiter-3 in 2021 will provide fresh Ka-band capacity in North and South America and Maxar Technologies is building the satellite.
EchoStar faces an April 2021 ITU utilization deadline that it is preparing to meet through the use of its Tyvak-ordered satellites.
EchoStar ordered two S-band nanosatellites from Tyvak Nano-Satellite Systems with an option for a third.
EchoStar paid $26,000,000 to acquire Helios Wire.
EchoStar reported a loss of $21,100,000 on revenues of $472,300,000 for the months of July, August, and September.
EchoStar plans to conduct network tests across its new S-band network by late 2020 and certainly by the first quarter of 2021.
Jupiter-3 is scheduled to launch in 2021 and EchoStar has not announced a launch provider for the satellite.
EchoStar has a satellite under construction with Maxar Technologies called Jupiter-3 that is designed to offer 500 gigabits per second of capacity for internet connectivity.
EchoStar completed a share exchange agreement with Dish in early 2017 in which EchoStar traded its EchoStar Technologies business for all of Dish’s Hughes Retail Preferred Tracking Stock.
Hughes Network Systems generated $1,717,000,000 of EchoStar’s $2,091,000,000 in revenue last year.
EchoStar Corp. agreed on 2019-05-20 to sell its broadcast satellite services business to Dish Networks for $800,000,000.
EchoStar’s Satellite Services division declined nearly 10 percent last year to $358,000,000 in revenue.
EchoStar-16 was launched in November 2012 and is one of EchoStar’s newer broadcast-focused satellites.
Inmarsat twice rejected offers from U.S. satellite operator EchoStar, including a highest offer of £3,200,000,000.
Jupiter-3 (EchoStar-24) is projected to have more than 500 gigabits per second of total capacity when it launches in 2021.
Maxar Technologies is building Jupiter-3 (also known as EchoStar-24).