Welcome to our dedicated page for Echostar news (Ticker: SATS), a resource for investors and traders seeking the latest updates and insights on Echostar stock.
EchoStar Corporation (NASDAQ: SATS) is a global leader in satellite communications, broadband services, and cutting-edge wireless solutions, serving consumers, enterprises, and governments worldwide. This page aggregates all official company announcements, press releases, and relevant news to keep stakeholders informed about SATS' strategic initiatives and market position.
Access real-time updates on EchoStar's financial performance, technological breakthroughs, and partnerships that shape the telecom and satellite industries. Investors will find earnings reports and merger details, while technology professionals can track innovations in 5G networks, satellite broadband, and video delivery systems.
Our curated collection includes updates on regulatory developments, product launches, and operational milestones. Key focus areas span satellite technology advancements, wireless network expansions, cybersecurity solutions, and enterprise service enhancements. All content is sourced directly from EchoStar or reputable financial publications to ensure accuracy.
Bookmark this page for streamlined access to SATS' latest developments. Combine these updates with the company's SEC filings and investor materials for a comprehensive view of its growth trajectory in the evolving connectivity landscape.
EchoStar Corporation (NASDAQ: SATS) reported financial results for the year ending December 31, 2020. Consolidated revenues reached $489.3 million for Q4 2020, with a net loss of $2.6 million. For the full year, revenues totaled $1,887.9 million, with a net loss of $51.9 million. Adjusted EBITDA for Q4 was $166.7 million, up 7.0% year-over-year, while total Adjusted EBITDA for the year stood at $642.9 million. The company experienced a decline in subscriber numbers in the U.S., but subscriber growth in Latin America provided some offset.
EchoStar Corporation (NASDAQ: SATS) has announced a conference call on February 23 at 11:00 a.m. ET to discuss its Q4 and full-year 2020 financial results. The live webcast will be accessible on their investor relations website, with a replay available for two days after the call. This event will include a press release detailing financial outcomes prior to the call. EchoStar is a leading provider of satellite communication solutions operating globally, known for its secure communication technologies.
COMSovereign Holding Corp. (NASDAQ: COMS) announced a reseller agreement with Hughes Network Systems (NASDAQ: SATS) to integrate VNC's RAID 4G/LTE communication solution into Hughes' SatCell Connect service. This partnership aims to provide portable, secure, and rapidly deployable communication capabilities for emergency response and remote operations. The RAID system enhances wireless connectivity through satellite backhaul, ensuring 4G and upcoming 5G services are available even in areas lacking infrastructure.
Hughes Network Systems has secured a $250 million contract with OneWeb to develop core ground systems for its Low Earth Orbit (LEO) satellite network over the next three years. This partnership aims to enhance broadband connectivity, providing low latency and high throughput for various applications. Hughes will manufacture gateway electronics and user terminal modules, with each gateway capable of handling 10,000 data hand-offs per second. Following OneWeb's restructuring, Hughes is also set to invest $50 million in the company.
Hughes Network Systems has been approved as a provider under Georgia Technology Authority's GTA Direct program, facilitating broadband connectivity procurement for eligible government agencies. This partnership enables Hughes to offer diverse services, including satellite and LTE, enhancing connectivity across Georgia's 159 counties. Hughes aims to support government agencies in managing their networks, addressing increasing telework demands and online service availability. The company is recognized for its comprehensive managed services and has extensive experience collaborating with government entities.
EchoStar Mobile has partnered with Jersey Telecom to offer a unique hybrid satellite/cellular service across Europe and the UK. This innovative approach combines EchoStar's European S-band mobile satellite network with JT's 4G platform, resulting in the SYNERGY service suite. This solution features a single terminal, subscription, and management interface, enhancing connectivity for IoT and mobile users. As demand for reliable connectivity increases, this collaboration aims to simplify access and reduce costs for customers, promoting seamless digitalisation strategies.
Hughes Network Systems has been recognized by Gartner and Frost & Sullivan as a leader in managed network services and SD-WAN. Hughes was designated a Challenger in the November 2020 Gartner Magic Quadrant due to its strong execution and vision. Additionally, Frost & Sullivan highlighted Hughes as one of the top three managed SD-WAN providers for growth, showcasing its advanced AI-Ops feature that enhances service quality. These recognitions emphasize Hughes' commitment to customer satisfaction and innovative solutions in network management.
Hughes Network Systems has been recognized as an Industry Innovator by the Government Innovation Awards for its contributions to modernizing government networks. This award highlights Hughes' role in connecting government agencies, especially in areas lacking terrestrial broadband. The company's services include managed network services for federal agencies and high-speed satellite Internet provision as the exclusive satellite provider on the NASPO ValuePoint contract. Hughes aims to enhance IT capabilities across federal, state, and local levels.
EchoStar Corporation (NASDAQ: SATS) reported its third-quarter results for 2020, showcasing consolidated revenues of $473.5 million and a net income from continuing operations of $23.3 million. Year-over-year, the quarterly revenue rose slightly despite a $10.9 million negative foreign exchange impact. The company's Adjusted EBITDA increased by 9% or $14.3 million from the previous year. However, for the nine-month period, EchoStar faced a net loss of $49.3 million
with a diluted loss per share of $(0.41).
EchoStar Corporation (NASDAQ: SATS) will hold a conference call on November 5, 2020, at 11:00 a.m. ET to discuss its third quarter 2020 financial results. Investors can join via phone or a live webcast on the EchoStar investor relations website. For those unable to attend, a replay will be available starting at 2:15 p.m. ET on the same day and lasting until November 11, 2020. EchoStar specializes in satellite communication solutions, operating globally through its Hughes Network Systems and EchoStar Satellite Services.
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