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EchoStar Corporation (NASDAQ: SATS) regularly issues news and updates covering its activities across wireless, pay television, and broadband and satellite services. Company press releases highlight developments involving its key brands, including Boost Mobile, DISH TV, Sling TV, Hughes, HughesNet, HughesON and JUPITER, as well as corporate announcements about spectrum transactions, capital allocation and financing.
Recent EchoStar news includes detailed promotions and device offers from Boost Mobile, which EchoStar identifies as a brand under the corporation and a major component of its Wireless segment. These announcements describe new 5G device additions, limited-time service offers, and pricing structures for unlimited plans, reflecting how EchoStar presents the evolution of its wireless business.
EchoStar news also features updates from Sling TV, part of the company’s Pay-TV segment, such as the introduction and refinement of short-term pass subscriptions designed to provide flexible access to live TV. In the Broadband & Satellite Services segment, releases from Hughes Network Systems, an EchoStar company, describe new managed SD-WAN recognitions, product introductions like transportable Low Earth Orbit terminals in ruggedized cases, and broader connectivity initiatives.
In addition, EchoStar issues corporate-level news on topics such as quarterly financial results, the formation of EchoStar Capital as a new investment division, and spectrum-related agreements with partners like SpaceX and AT&T. Investors and observers can use the SATS news feed to follow how EchoStar communicates changes in its segment performance, product offerings, and strategic transactions across its global portfolio of connectivity and entertainment brands.
Hughes Network Systems, an EchoStar company (Nasdaq: SATS), has partnered with The Vitamin Shoppe to deploy its HughesON™ Managed Network Services across over 700 retail locations in the U.S. This Network-as-a-Service (NaaS) solution features a secure Software-Defined Wide Area Network (SD-WAN), enhancing support for the company’s growth in retail and digital operations. Key benefits include 24/7 management, security features, and automated scalability. This collaboration aims to enable The Vitamin Shoppe to optimize its operations while focusing on customer engagement and wellness offerings.
On March 30, 2023, a ribbon-cutting event marked the launch of a new 5G network at Naval Air Station Whidbey Island. This initiative aims to enhance aircraft readiness by processing large volumes of digital data swiftly. Key stakeholders such as Intel, DISH, and Hughes collaborated on the project, which is expected to optimize real-time communication during flights, thereby reducing maintenance and mission preparation times. Hughes Network Systems, a subsidiary of EchoStar, is recognized for delivering broadband services and solutions globally.
On March 14, 2023, Hughes Network Systems, an EchoStar company (Nasdaq: SATS), announced a collaboration with MEASAT Global Berhad to utilize the Hughes JUPITER System for broadband services via the MEASAT-3d High-Throughput Satellite. This partnership aims to extend satellite broadband coverage in Malaysia, targeting over two million unconnected citizens within three years. The MEASAT-3d satellite, launched on June 22, 2022, enhanced broadband capacity from 3 Gbps to 30 Gbps and offers speeds up to 100 Mbps. The JUPITER System is recognized for its efficiency and cost-effectiveness, reinforcing Hughes' role in bridging the digital divide.
Hughes Network Systems, an EchoStar company (Nasdaq: SATS), has partnered with UZ-SAT, a joint venture in Uzbekistan, to provide satellite broadband services aimed at bridging the digital divide. This project will utilize the Hughes JUPITER™ System to deliver internet access to remote and rural areas in Uzbekistan. The partnership is expected to enhance connectivity, enabling enterprise networks and supporting governmental initiatives. UZ-SAT is recognized as the first national broadband satellite service provider in Uzbekistan and aims to extend its services to various sectors, including education and healthcare.
The Hughes JUPITER System and managed satellite service have been integrated into the CFE Telecomunicaciones e Internet para Todos initiative by Stargroup, enhancing LTE connectivity in rural Mexico. This collaboration aims to bridge the digital divide, extending internet access to remote communities through the deployment of over 7,200 Community Wi-Fi sites. Stargroup's choice of Hughes technology ensures reliable service at speeds of 20-60 Mbps. The initiative reflects a commitment to improving connectivity for underserved populations, with support from the Mexican government and Hughes Network Systems.
EchoStar Corporation (NASDAQ: SATS) reported its Q4 and full-year 2022 financial results on February 22, 2023. For Q4, the company achieved consolidated revenue of $499.9 million and net income of $47.6 million, translating to an EPS of $0.59. Full-year revenue reached $2.0 billion, with net income of $166.5 million and EPS of $2.10. Adjusted EBITDA for Q4 was $163.6 million, marking a 2.5% increase year-over-year. The company plans to launch the EchoStar XXIV/JUPITER 3 satellite in Q2 2023, which is expected to drive future growth. However, Hughes broadband subscribers fell by 57,000 due to competitive pressures and capacity limitations.
EchoStar Corporation (NASDAQ: SATS) has announced a conference call to discuss its fourth quarter and full year 2022 financial results, scheduled for February 23, 2023, at 1:00 p.m. Eastern Time. The call will be accessible via EchoStar's investor relations website, and will feature a live broadcast in listen-only mode. Participants wishing to ask questions must register beforehand to obtain a dial-in number and unique PIN. The financial results press release will be available prior to the call on EchoStar's website. EchoStar, headquartered in Englewood, Colo., is a leader in satellite communication solutions.
On February 8, 2023, SES, ThinKom, and Hughes showcased a high-performance multi-orbit satellite communication system designed for government airborne missions. The system, featuring the ThinAir Ka2517 airborne satcom terminal, demonstrated seamless connectivity across SES's MEO and GEO networks during testing in California. The Ka2517 antenna, based on ThinKom's patented technology, offers extensive airborne communication capabilities, having served U.S. government aircraft for five years. This technology is pivotal for the Joint All Domain Command and Control (JADC2) initiative, enabling real-time data transfer for critical military operations.
EchoStar Corporation (NASDAQ: SATS) has announced a partnership with Astro Digital to construct a global S-band mobile satellite service network. The project aims to deliver Internet of Things (IoT) and machine-to-machine (M2M) services starting in 2024. The constellation will feature 28 satellites, equipped with advanced software-defined radios and the LoRa protocol for low-cost device connectivity. EchoStar will manage the operations from its Australian subsidiary. This initiative is part of EchoStar's broader goal to establish a global non-terrestrial 5G network, addressing the increasing demand for connectivity.
Hughes Network Systems, part of EchoStar (Nasdaq: SATS), introduced the Active Power Edge at NRF 2023. This innovative power distribution unit enhances network reliability and performance for enterprise customers. The unit autonomously detects outages and utilizes AI for device management, ensuring continuous uptime. Hughes manages over 52,000 SD-WAN locations globally and supports half of the top 25 retailers with its managed services. The Active Power Edge is designed to streamline operations and improve customer experience with proactive power management.