A proposed settlement has been reached on behalf of holders of EchoStar common stock as of August 19th 2019 and who received shares of Class A common stock of Dish Network. The action, started in the name of the City of Hallandale Police & Firefighters Retirement Trust (based in Florida) and with Charlie Ergen and […]
EchoStar, a business owned by Charlie Ergen, has a crucial date on June 25th for a rocket and satellite launch. If the satellite is successfully put into orbit then Ergen will secure near-global rights to S-band licences. If it doesn’t work – and two previous attempts have failed – then Ergen’s permissions to use the […]
Denver-based EchoStar is facing an ITU obligation on S-band implementation which has to commence by August 10th. Two nano-satellites, designed to operate in S-band and launched for EchoStar, have failed to reach orbit. The ITU obligation actually expired in April but an extension was made until August to permit EchoStar to launch and ‘bring into […]
Hughes Network Systems, part of the EchoStar family, is debuting what it claims is a ‘first-of-its-kind’ dual-transport satellite/cellular hybrid terminal for S-band connectivity. The Hughes 4510 terminal intelligently routes IP traffic via terrestrial or mobile satellite system (MSS) networks – enabling reliable, ubiquitous connectivity for critical applications. The new technology will, in particular, enhance connectivity […]
Charlie Ergen, who is a major shareholder in Dish Network and EchoStar, has enjoyed a bump in his overall salary and compensation. Ergen is not quite in the same league as Jeff Bezos or Elon Musk, but this past year his total compensation has rocketed from $2.36 million to $94.7 million although a large portion […]
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 […]
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 […]
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 […]
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 […]
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 […]