EchoStar Corporation is rated Buy, driven by transformative deals with AT&T and SpaceX that significantly improve its capital structure and strategic positioning. SATS's hybrid MNO model leverages AT&T's infrastructure and SpaceX's satellite network, transitioning Wireless to a capital-light, scalable business with reduced overhead. Pending regulatory approval of the AT&T and SpaceX deals is critical; successful closure enables material debt reduction and a potential $8.5B equity stake in SpaceX.
T gains ground with EchoStar's 3.45 GHz mid-band spectrum, boosting 5G speeds and slashing expansion costs nationwide.
EchoStar has sold another $2.6 billion in spectrum to Elon Musk's SpaceX, giving the wireless and pay-TV company a stake of about 3% that is currently worth $11 billion. The transaction, announced Thursday along with the company's third-quarter results, builds on a $17 billion spectrum deal between the companies last September.
| - Industry | - Sector | Hamid Akhavan-Malayeri CEO | XOSL Exchange | US2787681061 ISIN |
| US Country | 13,700 Employees | - Last Dividend | 11 Sep 2019 Last Split | 31 Dec 2007 IPO Date |
EchoStar Corporation, a global provider of networking technologies and services, operates through its subsidiaries, catering to a diverse range of sectors. The company has positioned itself across four primary segments: Pay-TV, Retail Wireless, 5G Network Deployment, and Broadband and Satellite Services. Each of these segments plays a vital role in offering comprehensive networking solutions to their respective markets. Incorporated in 2007 and based in Englewood, Colorado, EchoStar aims to leverage its capabilities in satellite and broadband technologies to offer enhanced connectivity solutions around the globe.
This segment encompasses direct broadcast and fixed satellite services targeted towards enhancing the television viewing experience. EchoStar designs, develops, and distributes receiver systems and provides digital broadcast operations, which include crucial services such as satellite uplinking and downlinking. Additionally, it offers satellite transmission services to third-party pay-TV providers. Noteworthy offerings under this segment include multichannel, live-linear, and on-demand streaming services over-the-top (OTT) internet-based platforms, catering to domestic, international, Latino, and Freestream video programming markets, notably under the DISH and SLING brand names.
In the sphere of mobile communications, this segment offers both prepaid and postpaid wireless services, primarily under the Boost Mobile, Boost postpaid, and Gen Mobile brands. Besides service plans, it also delivers a variety of wireless devices designed to meet consumer needs, marking EchoStar's commitment to providing comprehensive mobile solutions.
Under this banner, EchoStar is focused on the deployment of a facilities-based 5G broadband network. This includes the commercialization of 5G Voice over New Radio (VoNR), signifying the company's stride towards pioneering in the next generation of mobile communications technology and infrastructure.
This segment caters to both individual consumers and business entities, offering broadband services that include solutions for home environments and small to medium-sized enterprises. Apart from consumer-centric services, EchoStar provides satellite and multi-transport technologies alongside managed network services. EchoStar's clientele in this segment spans telecommunications providers, aeronautical service providers, civilian and defense government entities, and other enterprise customers, showcasing the company's versatility and capability in delivering robust connectivity solutions.