Dish junk bonds and EchoStar's stock see gains, with Dish and DirecTV again said to be in talks about combining.
Shares in Dish Network parent EchoStar climbed 7% in early trading Monday in the wake of reports that the satellite TV division is once again discussing a merger with DirecTV. The companies have long coveted a combination, though a formal proposal was scuttled by the FCC in 2002.
Bloomberg reported over the weekend that DirecTV and DISH may be trying to merge
EchoStar Corporation's SATS subsidiaries, Hughes Network Systems and Boost Mobile, jointly demonstrated optimized, multi-transport network management for the U.S. Navy. The demonstration, conducted earlier this year, evaluated remote network orchestration, wide area network (WAN) resiliency and secure Radio Access Network (RAN) sharing between standalone Private 5G networks at the U.S. Navy Air Station in Whidbey Island, WA, and a base in Hawaii.
EchoStar's (SATS) subsidiary Hughes achieves a significant milestone with the shipment of more than 5,000 HL1120W ESA LEO terminals.
Shares of troubled Dish Network parent EchoStar have fallen sharply Monday in the wake of a downbeat second-quarter earnings report, with chatter continuing about a potential bankruptcy filing. The stock was off 10% at mid-day, trading at around $15.
EchoStar's (SATS) second-quarter performance is affected by soft demand trends across Pay-TV, Retail Wireless and Broadband segments amid a strong 5G network footprint.
EchoStar (SATS) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to earnings of $0.39 per share a year ago.
Backed by a $50 million donation from the U.S. government, EchoStar (SATS) establishes an Open RAN Center for Integration and Deployment for conducting O-RAN solutions' testing and validation.
EchoStar's (SATS) unit EchoStar Mobile is aiding Swisscom to augment its LoRaWAN IoT coverage across Europe by deploying advanced satellite connectivity.
EchoStar's (SATS) subsidiary Hughes aids Skyband Holding company in elevating the latter's VSAT network by deploying cutting-edge JUPITER System technology.
Global security threats and increasing defense budgets bode well for Zacks Satellite and Communication industry participants like EchoStar (SATS), Iridium (IRDM) and Globalstar (GSAT).