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.
All verified mentions of this organization in source documents.
Tarana Wireless raised $60,000,000 from satellite operator EchoStar and Khosla Ventures.
EchoStar ordered the Jupiter-3 satellite from Space Systems Loral in 2017.
EchoStar’s Jupiter-3 satellite is slated to launch in 2021.
Hughes accounted for $1,700,000,000 of EchoStar’s $2,100,000,000 in full-year 2018 revenue.
EchoStar recorded $530,600,000 in total revenue for the last three months of 2018.
Hughes Network Systems is a subsidiary of EchoStar seeking to be a global communications provider by expanding through partnerships rather than acquisitions.
EchoStar purchased Terrestar Networks in 2014.
EchoStar’s total revenue for the quarter increased 13 percent to $526 million, including $4,200,000 in small ancillary sources of income.
EchoStar Satellite Services generated $95,400,000 in revenue for the quarter, a 3 percent decline from 2017.
Anders Johnson, president of EchoStar Satellite Services, attributed the division’s revenue loss to an oversupply of Ku-band satellite capacity, Dish’s termination of its lease on EchoStar-7, and Dish’s reduction of four transponders on EchoStar-9.
Hughes Network Systems, a division of EchoStar, uses three EchoStar satellites and a growing number of leased payloads on other operators' spacecraft to deliver broadband in North and South America.
Inmarsat ended merger discussions with EchoStar that took place in June and again in July 2018.
Inmarsat received two purchase offers from EchoStar this summer that Inmarsat considered too low to take seriously.
EchoStar abandoned a $4,250,000,000 effort to buy Inmarsat on 2025-07-06.
EchoStar operates 18 satellites and has roughly $3,300,000,000 in cash.
Less than three weeks before 2018-06-25, Inmarsat rejected an unsolicited acquisition offer from EchoStar.
On 2018-06-08, Inmarsat rejected EchoStar’s unsolicited offer and maintained that the offer very significantly undervalued Inmarsat and its standalone prospects.
On 2018-06-08, Inmarsat rejected EchoStar’s offer on the grounds that the offer very significantly undervalued Inmarsat and its standalone prospects.