NasdaqGS - Nasdaq Real Time Price ? USD EchoStar Corporation (SATS) Follow Compare 25.61 +0.07 (+0.29%) As of 2:13 PM EDT. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Hughes Named "MSSP of the Year" by CyberSecurity Breakthrough Hughes Network Systems, an EchoStar company (Nasdaq: SATS), announced it was named the 2024 Managed Security Service Provider (MSSP) of the Year by CyberSecurity Breakthrough. The award recognized Hughes as a leading MSSP that provides businesses of all sizes with managed network and security solutions. PR Newswire ? 3 days ago SATS +0.29% EchoStar Corporation Announces Exchange Offers and Consent Solicitations for 0% Convertible Senior Notes due 2025 and 3.375% Convertible Senior Notes due 2026 Issued by DISH Network Corporation EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technology, spectrum, engineering, manufacturing, networking services, television entertainment and connectivity, today announced that it has commenced offers to exchange (the "exchange offers") (i) any and all of the 0% Convertible Notes due 2025 (the "DISH Network 2025 Notes") issued by its subsidiary DISH Network Corporation ("DISH") and (ii) any and all of th PR Newswire ? 7 days ago SATS +0.29% Will EchoStar's Collaboration With Connected Boost SATS Stock? SATS teams up with Connected to reshape the landscape of off-grid connectivity by launching a cutting-edge Connected One solution. Zacks ? 10 days ago SATS +0.29% EchoStar Mobile and Connected Partner to Deliver Reliable Off-Grid Connectivity EchoStar Mobile, a leader in satellite communications, and Connected, a startup dedicated to delivering universal, cost-effective narrowband connectivity from space, have announced a strategic partnership to revolutionize off-grid connectivity. This collaboration introduces Connected One, a cutting-edge IoT solution that leverages EchoStar's satellite technology to bridge connectivity gaps in remote and underserved regions, ensuring users stay connected and safe, even when venturing off the grid PR Newswire ? 10 days ago SATS +0.29% The Art of the $1 Deal: Billionaire Charlie Ergen’s Latest Gamble The mogul agreed to sell his Dish satellite-TV business to DirecTV, unloading a lot of debt. Now he needs to close the deal and rebuild by going all-in on wireless service. The Wall Street Journal ? 13 days ago SATS +0.29% T Dish sale funds EchoStar in near term to develop business: CEO EchoStar (SATS) announced it will sell its video distribution business, including Dish and Sling, to DirecTV for a nominal price of $1 and more than $9.7 billion of associated debt on the business. The deal would create the largest pay-TV provider in the US. EchoStar president and CEO Hamid Akhavan joins Seana Smith and Madison Mills on Catalysts to discuss what’s next for the company. “There are a couple of different angles for us to make this the right timing. First of all, I think from a financial perspective, you know, we had some maturities coming up. You know, we have always said we had a very asset-rich but liquidity-poor company in recent times. And now we address that in a very significant way,” Akhavan tells Yahoo Finance. “It's the right time for our content distribution business to kind of scale up, you know, that industry has changed. It's a very difficult industry. Now the programmers are going directly to the consumers [through streaming], and the erosion of the satellite-based distribution has been very significant in recent times… And I think this was the strategic right positioning for that corner of our business.” The CEO says the deal will make EchoStar more competitive with its peers in the “hyper-competitive” telecommunications industry. “There are only three players that own the entire telecommunication mobile communication of the United States,” referring to AT&T (T), T-Mobile (TMUS), and Verizon (VZ). The market “can afford to have a very solid challenger in the US.” EchoStar stock fell in response to the acquisition announcement. Akhavan says he “appreciate[s] that this was a very complex transaction by some accounts the most sophisticated, complex, and large-scale restructuring and refinancing and exchange all in one M&A in Wall Street's recent history. And so I think it takes a bit of time for people to unpack it.” He says the deal “funds us in the short-to-mid-term horizon for us to continue to develop the business.” The acquisition will require government approval, but the CEO is unconcerned that there will be regulatory hurdles. “There are no obstacles in our mind because the two companies coming together have lost [over] 60% of their customers since 2016” due to increased access to broadband internet. He says, “The attrition in our business just speaks to the fact that the market has choices, and the regulators actually want to have a stronger content distributor that can make the programmers offer smaller, more bite-sized, lower-priced packages to the consumers who are demanding it. So I think actually this will be a very easy decision for them. That's why that's what we hope and expect.” For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Naomi Buchanan. Yahoo Finance Video ? 17 days ago T T-PA VZ EchoStar to Divest Its DISH Business to DIRECTV, Stock Sinks 12% SATS is set to sell its DISH unit to DIRECTV through an exchange of nearly $9.75 billion of DBS notes to strengthen its 5G Open RAN wireless network deployment. Zacks ? 17 days ago SATS +0.29% AIRG What's Next For EchoStar 5G Network Amid DirecTV-Dish Merger? Verizon stock, AT&T stock, and T-Mobile stock all have double-digit gains in 2024 while facing little competition from EchoStar's 5G Boost Mobile business. Investor's Business Daily ? 17 days ago TMUS VZ T Ergen Still Needs Creditors He Once Spurned to Seal Dish-DirecTV Deal (Bloomberg) -- Charlie Ergen’s decades-long dream to combine his satellite-TV company Dish Network Corp. with rival DirecTV hangs on the willingness of creditors he has irked in the past to write off part of their investment in the heavily indebted company. Some aren’t yet convinced. Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA Housing Crisis Brews in Rwanda’s Capital CityNew Rowhouses in Bloomberg ? 17 days ago SATS +0.29% T EchoStar Divests Pay-TV Business to DIRECTV for Debt Relief Echostar ( (SATS) ) just unveiled an announcement. EchoStar Corporation and DIRECTV Holdings LLC have entered into an agreement for DIRECTV to acquire EchoStar’s DISH DBS Corporation, which includes its Pay-TV business, for a total purchase price of $1.00 and the assumption of DBS’s outstanding net debt. The deal will position DIRECTV to better compete with large streaming platforms by potentially offering smaller content packages at lower prices, while also allowing EchoStar to improve its fina TipRanks ? 17 days ago SATS +0.29% DirecTV and Dish have spent years trying to merge. It's finally happening. In 2002, the FCC blocked a proposal to merge DirecTV and Dish, citing antitrust concerns. But it's a much different environment this time around. Yahoo Finance ? 17 days ago T T-PA GOOG DirecTV To Merge With Dish Network As AT&T Exits Pay-TV Business AT&T will sell to private equity firm TPG its remaining 70% stake in DirecTV, which will merge with rival Dish Network. Investor's Business Daily ? 17 days ago T T-PA SATS +0.29% Top Midday Decliners Top Midday Decliners PREMIUM MT Newswires ? 17 days ago ENSCW SATS +0.29% SOBR Update: EchoStar to Sell Dish DBS to DirecTV; to Issue $5.1 Billion in Senior Secured Notes due 2029 Update: EchoStar to Sell Dish DBS to DirecTV; to Issue $5.1 Billion in Senior Secured Notes due 2029 PREMIUM MT Newswires ? 18 days ago SATS +0.29% Why EchoStar Stock Crashed 18% Today At long last, EchoStar is exiting the satellite TV business. Motley Fool ? 18 days ago SATS +0.29% DirecTV agrees to buy Dish for $1 DirecTV announced Monday it’s buying rival Dish Network, ending multiple decades of on-and-off talks about the satellite services merging. CNN Business ? 18 days ago T SATS +0.29% Pre-Markets Lower Ahead of Jobs Data This Week Numerous jobs reports will command much of this week's market attention. Zacks ? 18 days ago ^GSPC SATS +0.29% T EchoStar to Sell Video Distribution Business to DirecTV; AT&T Divesting DirecTV Stake to TPG EchoStar to Sell Video Distribution Business to DirecTV; AT&T Divesting DirecTV Stake to TPG PREMIUM MT Newswires ? 18 days ago SATS +0.29% T DTTVY EchoStar to Sell Dish DBS to DirecTV; to Issue $5.1 Billion in Senior Secured Notes due 2029 EchoStar to Sell Dish DBS to DirecTV; to Issue $5.1 Billion in Senior Secured Notes due 2029 PREMIUM MT Newswires ? 18 days ago SATS +0.29% Satellite Rivals DirecTV, Dish To Merge Decades in the making, satellite-TV rivals DirecTV and Dish are combining after a pair of transactions were announced Monday morning. Investopedia ? 18 days ago T SATS +0.29% Performance Overview Trailing total returns as of 10/18/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return SATS S&P 500 YTD +54.59% +23.05% 1-Year +79.00% +34.20% 3-Year +0.73% +31.26%
