---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

EchoStar

🌎 echostar.com

EchoStar Corporation is a premier global provider of satellite communication solutions, headquartered in Englewood, Colorado. The company specializes in satellite transponder capacity, high-speed internet, and broadband services for various sectors including enterprise, government, and consumer markets. EchoStar is recognized for its innovative secure communications technologies and operates under several brands including Hughes and Sling TV.

---

Updates as of Oct 03, 2024

• EchoStar is shifting its strategy towards satellite and terrestrial mobile broadband services, focusing on the direct-to-device market.
• EchoStar plans to expand its satellite and terrestrial mobile broadband services after selling Dish and Sling TV to DirecTV and transferring $10 billion of debt, aiming to complete the transactions by the end of 2025.
• DirecTv has announced a definitive agreement to acquire Dish DBS from EchoStar, allowing EchoStar to focus on 5G activities.
• EchoStar's recent restructuring includes a significant transaction that adds $9.5 billion in spectrum-backed securities, increasing the total to $13 billion.
• EchoStar is selling Dish TV and Sling TV to DirecTV in a debt exchange deal, which includes a $1 payment and the assumption of $9.8 billion in debt, as the company faces financial challenges and focuses on its wireless business.

• On September 20, the U.S. FCC granted EchoStar an extension for its 5G network buildout deadlines to 2026, with commitments to offer low-cost plans and accelerate build-outs in certain markets.
• EchoStar and DirecTV announced a merger agreement to create one of the largest pay-TV distributors in the US with about 20 million subscribers.
• EchoStar's stock declined 11% after DirecTV agreed to buy its satellite television business, including Dish TV, resolving long-standing negotiations.
• On September 30, EchoStar announced deals to create two stronger competitors in video and wireless, the new DIRECTV and the new EchoStar.
• EchoStar and Boost Mobile awarded Amdocs the 'Partnership Award' at the Boost Mobile Tech Summit.
• EchoStar is developing geostationary direct-to-device solutions for IoT and working on two LEO variants using LoRa and 5G NTN.
• EchoStar has eliminated a significant amount of debt, potentially paving the way for a deal with Starlink, T-Mobile, and E*.

---

Did you find it useful?

If you liked this report, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.