Advanced Television

Echostar

Bank reviews Eutelsat vs SES

Analysts at Berenberg Bank have compared and contrasted Europe’s two satellite giants SES and Eutelsat in a detailed report. SES has a balance sheet that is in good shape says Berenberg but, despite its larger size, will generate much less cash flow than Eutelsat in 2021 and 2022, and, given uncertainty about the long-term future […]

March 18, 2021

EchoStar/Hughes Jupiter 3 satellite delayed

Covid-related production problems have hurt the planned launch of EchoStar and Hughes Network’s giant Jupiter 3 satellite. It has now slipped to H2/2022 after originally being scheduled for some time this year. EchoStar 24/Jupiter 3 is a large, multi-spot-beam Ka-band craft and described as one of the world’s highest capacity broadband satellites. It is being […]

February 24, 2021

EchoStar and Viasat revised down by bank

Viasat, the California-based international broadband-by-satellite supplier, and Charlie Ergen’s EchoStar satellite business have both suffered a downgrade by analysts at investment bank Jefferies. In essence, the bank’s report says that Viasat’s revenues are likely to be impacted by the Covid pandemic and the bank has downgraded its revenue forecasts for this trading year. The bank […]

January 19, 2021

Hughes Network wins OneWeb contract

Echostar-owned Hughes Network Systems has won a $250 million contract from OneWeb to supply gateway systems and user-terminal modules for OneWeb’s LEO satellites. Hughes will develop and manufacture essential ground system technology for the new LEO constellation. In a three-year contract, Hughes will produce the gateway electronics for the OneWeb system as well as the […]

December 18, 2020

EchoStar praised, forecast raised

The bulk of EchoStar’s business these days is focussed on its wholly-owned subsidiary Hughes Network Systems which itself is a major supplier of satellite-based broadband to consumer and business users. Last week EchoStar – itself controlled by Charlie Ergen – reported better than expected results on revenues and EBITDA.  The results have prompted a significant […]

November 17, 2020

EchoStar’s Jupiter 3 craft delayed to 2022

Denver-based EchoStar says that its much-needed Jupiter 3 giant broadband satellite, originally slated for a launch in 2021 has been badly delayed. It is likely to be a year late in its launch. The problems, while not specified, are almost certainly down to the Covid-19 virus and inevitable delays in construction at the Maxar Technologies […]

November 9, 2020By Chris Forrester

Inmarsat, Hughes seek free in-flight WiFi

Reports have emerged that London-based satellite operator Inmarsat had “secretly” linked with Hughes Network System to collaborate on winning a major slice of the world’s in-flight broadband services, and bringing costs down to zero for travellers. Inmarsat CEO Rupert Pearce described the link with Hughes (a business owned by Charlie Ergen’s EchoStar) as a “game […]

October 27, 2020By Chris Forrester

Ergen creates Conx for telco acquisitions

Charlie Ergen has filed documents with the US Securities & Exchange Commission to create a public company called Conx. Ergen is using Conx as a SPAC (a Special Purpose Acquisition Company) as the shell vehicle for his move. Conx is offering 100 million shares (and possibly up to 115 million) at $10 each as part […]

October 5, 2020

New OneWeb: Hughes is a likely winner

Putting $50 million into the consortium buying bankrupt OneWeb could be extremely lucrative for EchoStar subsidiary Hughes Network Systems/Hughes Connects (HNS). Hughes was an original investor in OneWeb and is now likely to gain $300 million in contracts for at least some of OneWeb’s important ground segment installations. HNS, via EchoStar, signed a contract with […]

July 28, 2020

EchoStar/Hughes join new OneWeb consortium

EchoStar-owned Hughes Network Systems is joiining the new consortium buying bankrupt OneWeb. Hughes will join the UK government and Bharti Global as part-owners. Hughes will, in principle, invest $50 million into the consortium. “Additionally,” says the Hughes statement, “[We] will continue as a trusted technology and distribution partner to OneWeb, the Low Earth Orbit (LEO) […]

July 27, 2020By Chris Forrester