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 (NASDAQ: SATS) reported financial results for Q2 2024. Total revenue for the first half of 2024 was $7.97 billion, down from $8.74 billion in the same period last year. The company reported a net loss of $312.97 million, compared to a net income of $466.20 million in the previous year. Diluted loss per share was $1.15, down from earnings per share of $1.51. Consolidated OIBDA totaled $912.31 million, a decrease from $1.32 billion.
In Q2 2024, Pay-TV subscribers decreased by 104,000, while Retail Wireless subscribers decreased by 16,000. Broadband subscribers decreased by 23,000. The company is focusing on aligning business synergies, profitable customer acquisition and retention, and improving its go-to-market approach for Retail Wireless.
EchoStar (NASDAQ: SATS) has announced a conference call to discuss its second quarter 2024 financial results on Friday, August 9, 2024, at noon Eastern Time. The call will be broadcast live in listen-only mode on EchoStar's investor relations website. Participants can dial in using the numbers (877) 484-6065 (U.S.) and (201) 689-8846, with the Conference ID: 13748126. A live webcast and 48-hour replay will be available on the company's Investor Relations website. EchoStar will distribute its financial results prior to the call.
EchoStar is a leading provider of technology, networking services, and entertainment solutions, operating under brands such as EchoStar, Boost Mobile, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER. The company offers services to consumers, enterprises, operators, and governments worldwide.
Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, has launched a small business cybersecurity solution. The Hughes Managed Cybersecurity package offers enterprise-grade protection with automatic wireless backup connection. Powered by Fortinet's Next-Generation Firewall, it safeguards business networks and data against threats across all connected devices.
Key features include cyber protection, content filtering, higher network availability, flexible Wi-Fi connectivity, and real-time threat intelligence. Eligible Visa small business cardholders can save 25% on this solution through Visa SavingsEdge®. The package can be self-installed or professionally installed, and comes with 24/7 expert support and next-day maintenance.
Boost Mobile, the newest nationwide wireless carrier, has launched its state-of-the-art 5G network with new branding and simplified pricing. The company is offering unlimited plans starting at $25 a month, with the best pricing on any line. Boost Mobile now provides both prepaid and postpaid services under one brand, simplifying the customer experience.
Key features include:
- A new 30-day money-back guarantee for new customers
- Coverage to 99% of the country
- Four new wireless online plans with transparent pricing
- Add-on services like international coverage and Boost Protect
- A new visual identity and logo
Boost Mobile aims to shake up the wireless industry by offering more flexibility, better value, and a simplified digital purchasing experience at BoostMobile.com.
EchoStar (Nasdaq: SATS) has launched the Open RAN Center for Integration and Deployment (ORCID), a state-of-the-art testing and evaluation lab for Open RAN (O-RAN) solutions. The facility, located at EchoStar's Cheyenne, Wyoming data center, is supported by a $50 million grant from the U.S. Department of Commerce's NTIA Public Wireless Supply Chain Innovation Fund.
ORCID offers vendors the opportunity to test and validate O-RAN solutions using EchoStar's live commercial-grade cloud-native Open RAN network. The center features a real field test setup, helping drive the O-RAN ecosystem from lab to commercial deployment. EchoStar manages the ORCID consortium, which includes partners like Fujitsu, Mavenir, and VMware by Broadcom.
Vendors interested in participating in ORCID can now submit applications through the ORCID web portal at orcid.us/.
Hughes, an EchoStar Company (Nasdaq: SATS), has been awarded the 2023 Cradlepoint Acceleration Partner of the Year Award for its innovative wireless-first approach to connectivity. The award was presented at Cradlepoint's 2024 Global Partner Summit and highlights Hughes' achievements, including the introduction of its Managed Wireless service. This service offers rapid deployment, flexibility, reliability, and a comprehensive turnkey solution for enterprises.
Hughes' recognition underscores its strong relationships with leading technology providers and its ability to deliver secure, reliable wireless connectivity solutions. Cradlepoint acknowledged Hughes' exceptional year-over-year growth and commitment to positioning and selling their wireless and security solutions, which include 5G technologies. The partnership between Hughes and Cradlepoint aims to drive digital transformation for enterprises by enabling agile, secure, and reliable network infrastructures.
Boost Mobile Network has launched the world’s first nationwide commercial simultaneous 5G four-carrier aggregation (4CC) downlink and two-carrier aggregation (2CC) uplink. This development enhances speeds for customers with compatible devices, such as the Samsung Galaxy S24 family. The network achieved speeds up to 1 Gbps in tests. Carrier aggregation allows Boost to combine more spectrum channels, resulting in greater performance and capacity. The company continues to push technological boundaries, boasting the largest deployment of 5G Voice (VoNR) to over 200 million Americans and 5G broadband service to more than 240 million Americans.
EchoStar Mobile, an EchoStar company (Nasdaq: SATS), has announced a partnership with Swisscom, Switzerland's leading ICT firm, to expand Swisscom's LoRaWAN IoT footprint across Europe. Leveraging satellite connectivity, EchoStar Mobile will support direct sensor-to-satellite operations, while Actility will facilitate seamless network integration between terrestrial and satellite networks through its ThingPark Exchange roaming hub. This collaboration enables Swisscom to offer borderless IoT connectivity, enhancing services for smart metering, environmental monitoring, agriculture, and more. EchoStar Mobile will provide multi-year IoT satellite connectivity services to Swisscom, promising expansive and reliable coverage.
On June 13, 2024, Hughes Network Systems (NASDAQ: SATS) announced that Luna Space Telecommunications under Skyband Holding has purchased a JUPITER System Gateway and 1,200 Hughes JUPITER Terminals. This deal aims to upgrade Skyband's VSAT network, enabling higher speeds, broader coverage, and new mobility services across Saudi Arabia. The upgrade will allow Skyband to penetrate new markets, including government, finance, and oil and gas sectors, and introduce features like SD-WAN. This move is expected to enhance productivity and digital transformation in corporate and government sectors.
Boost Mobile has launched the Celero5G™ SC, a new addition to its exclusive Celero device lineup, offering advanced features at the affordable price of $109.99. The device boasts a 6.6" HD+ display, 50MP dual main cameras, a 5MP front camera, and a long-lasting 5000mAh battery. It supports Boost's 5G network, providing fast download speeds and enhanced call clarity. The Celero5G™ SC is powered by a 2.2GHz octa-core processor, ensuring smooth performance for various tasks. New customers can get the device for free by porting their number, or purchase it for $9.99 on Boost Mobile.com.
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