NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ:SATS) on behalf of EchoStar stockholders. Our investigation concerns whether EchoStar has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On May 12, 2025, The Wall Street Journal reported that the Federa ...

Core Points - Kirby McInerney LLP is investigating potential claims against EchoStar Corporation regarding possible violations of federal securities laws and unlawful business practices [1] - The Federal Communications Commission is investigating EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a significant decline in EchoStar's share price [3] Investigation Details - The investigation by Kirby McInerney LLP focuses on whether EchoStar and its officers have engaged in unlawful business practices [1] - Shareholders who have purchased EchoStar securities are encouraged to contact the law firm for more information regarding their rights [4] Market Reaction - Following the news of the FCC investigation, EchoStar's stock price fell by $4.01, approximately 16%, from $24.19 on May 9, 2025, to $20.18 on May 12, 2025 [3]

Core Viewpoint - EchoStar Corporation is under investigation by Kirby McInerney LLP for potential violations of federal securities laws and unlawful business practices [1][3] Investigation Details - The investigation was prompted by a report from The Wall Street Journal on May 12, 2025, indicating that the Federal Communications Commission (FCC) is looking into EchoStar's compliance with federal requirements for building a nationwide 5G network [3] - Following the news of the investigation, EchoStar's stock price fell by $4.01, representing a decline of approximately 16%, from $24.19 on May 9, 2025, to $20.18 on May 12, 2025 [3] Legal Firm Background - Kirby McInerney LLP is a New York-based law firm specializing in securities, antitrust, whistleblower, and consumer litigation, with a history of achieving recoveries totaling billions of dollars for shareholders in securities litigation [6]

Core Insights - Boost Mobile is launching the Samsung Galaxy S25 Edge, which is described as the thinnest and lightest Galaxy smartphone to date, featuring advanced AI and camera capabilities [1][2] - The Galaxy S25 Edge is available for pre-order with special pricing for customers who sign up for the Infinite Access for Galaxy plan [2][3] - The device includes a 200MP camera and is designed for durability with a titanium frame and Corning® Gorilla® Glass Ceramic 2 protection [4][5] Pricing and Plans - Customers who pre-order the Galaxy S25 Edge between May 13 and May 29 can get the phone and the Infinite Access for Galaxy plan for $65 per month [2] - Starting May 30, customers who port their number to Boost Mobile can purchase the Galaxy S25 Edge for $549.99 with the Unlimited Premium plan [3] - Existing Boost Mobile customers can upgrade to the Galaxy S25 Edge for $699.99 with the Unlimited Premium plan [3] Product Features - The Galaxy S25 Edge features Galaxy AI, which enhances user experience through intelligent organization and image enhancements [4] - The camera capabilities include AI-powered Nightography for improved low-light photography [4] - The device is built to withstand everyday wear and tear while maintaining a sleek design [5] Company Commitment - Boost Mobile emphasizes its commitment to providing a superior mobile experience with the latest 5G smartphone offerings and reliable connectivity [6] - The company offers flexible and transparent plans starting at $25 per month for unlimited 5G service [7] - Boost Mobile operates a nationwide cloud-native O-RAN 5G network, ensuring fast speeds and coverage [7]

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether EchoStar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 12 ...

It's almost never encouraging for an investor to learn of a federal government investigation into one of their companies. That was the news driving down telecom services provider EchoStar (SATS -16.70%) on Monday; the market shunned the stock, to the point where it closed the day more than 16% down in price. The S&P 500 (^GSPC 3.26%), meanwhile, had a banner day with a nearly 3.3% gain.Static on the lineEchoStar is the company that operates both the Boost Mobile budget telecom brand, and the Dish Network sa ...

EchoStar (SATS) Q1 2025 Earnings Call May 09, 2025 11:00 AM ET Company Participants Dean Manson - Chief Legal OfficerHamid Akhavan - President and CEOPaul Orban - Executive VP & CFO of DishJohn Swieringa - President of Technology & COOMarlane Pereiro - High Yield Credit ResearchWalter Piecyk - General Partner Conference Call Participants Sebastiano Petti - Senior Research AnalystBrent Penter - Associate Analyst - Equity ResearchBryan Kraft - AnalystAdam Rhodes - Senior Credit AnalystSam McHugh - AnalystJona ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was approximately $3.9 billion, down 3.6% year over year, primarily due to fewer subscribers in the Pay TV segment, partially offset by increased revenue from the wireless segment driven by ARPU growth and higher handset sales [14] - OIBDA decreased to $400 million in Q1 2025, a decline of $70 million year over year, or approximately 15%, mainly due to increased marketing expenses in wireless and decreased OIBDA from the Pay TV segment [14] - Free cash flow before debt service payments was positive at $77 million, while free cash flow including debt service was negative $172 million, an improvement of $55 million compared to the prior year [15] Business Line Data and Key Metrics Changes - Wireless segment saw a strong performance with 150,000 net adds in Q1 2025, a significant improvement from an 81,000 net loss in the same period of 2024 [7] - Hughes business made progress in the enterprise domain, with new contracts and expanded offerings, including a new single panel version of the LEO antenna [10] - Pay TV revenue decreased by 6.9% to $2.5 billion due to a lower average subscriber base, although ARPU increased by over $3 or 3% year over year [16][12] Market Data and Key Metrics Changes - Wireless revenue increased by 6.4% to $973 million, driven by 3.3% ARPU growth and higher handset sales [16] - Pay TV OIBDA decreased to $730 million from $756 million, while OIBDA per subscriber increased by 6.8% year over year [17] - Broadband and satellite services revenue decreased by 3.1% to $371 million due to lower sales of broadband services, partially offset by higher hardware sales to enterprise customers [17] Company Strategy and Development Direction - The company aims to target positive operating free cash flow, optimize subscriber profitability from the Pay TV segment, expand Hughes enterprise, and continue growth from Boost Mobile in 2025 [23] - The company is focused on enhancing its network capabilities and has met FCC requirements for 5G deployment ahead of schedule, with over 24,000 5G sites operational [19] - The company is exploring partnerships and distribution channels to enhance market presence and customer acquisition [74] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the performance across business lines and highlighted the importance of retaining profitable customers amid macroeconomic challenges [12][23] - The company is optimistic about its wireless segment's growth potential, citing attractive offers and improved customer retention as key factors [38] - Management emphasized the strategic importance of LEO satellite capabilities and the company's readiness to capitalize on market opportunities as they arise [32][90] Other Important Information - The company reported a total cash and marketable securities balance of $5.4 billion at the end of Q1 2025, a decrease of $464 million compared to year-end [15] - The company is focused on optimizing its capital expenditures, which were significantly reduced in Q1 2025 compared to the previous year [20] Q&A Session Summary Question: What are the potential cost levers within the wireless segment to improve EBITDA? - Management indicated that adding customers directly on their own network is a significant improvement in cost structure, with about 75% of new customers being added directly on net [26][27] Question: How does the LEO strategy fit within the broader product suite? - Management stated that they are preparing to be a leading provider of global direct-to-device connectivity and are focused on engineering and planning for LEO satellite deployment [32] Question: What is resonating in the market that helps build momentum in wireless? - Management highlighted attractive offers and significant reductions in churn as key factors contributing to net adds in the wireless segment [38] Question: What is the plan for capital expenditures moving forward? - Management confirmed that CapEx will be lower in 2025 but will ramp up as build-out deadlines approach, with a focus on a success-based build strategy [41] Question: Can you provide an update on the litigation with DBS bondholders? - Management declined to comment on the litigation status [51] Question: What investments will be made in distribution and advertising? - Management confirmed that they are working on additional distribution channels and digital sales, with plans to increase routes to market [74]

EchoStar (SATS) came out with a quarterly loss of $0.71 per share versus the Zacks Consensus Estimate of a loss of $0.90. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.11%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of $0.63 per share when it actually produced earnings of $1.24, delivering a surprise o ...

Wireless: Net subscriber growth (+150K), improved churn (7.2% year-over-year), filed Federal Communication Commission (FCC) certification of more than 24,000 5G constructed "on-air" sites one month ahead of schedule Pay TV: Lowest DISH TV churn (1.36%) in over a decade (excluding the pandemic), growth in average revenue per user (ARPU) (+3% year-over-year) Broadband & Satellite Services: Enhanced in-flight offerings through universal Ka- and Ku-bands, new international contracts for managed network service ...