Transactions highlight tremendous value of EchoStar's spectrum assets serving as the sturdy platform on which EchoStar will accelerate its deployment of a nationwide wireless service to vigorously compete with incumbent wireless carriers Overwhelming support from approximately $5 billion of existing DISH Network convertible noteholders evidenced by over 96% participation in exchange offers, leaving only $139 million in remaining debt maturities in 2024 and 2025 and significantly improving EchoStar's debt m ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission File Number: 001-33807 EchoStar Corporation (Exact name of registrant as specified in its charter) Nevada 26-1232727 (S ...

ENGLEWOOD, Colo., Nov. 6, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its third quarter 2024 financial results on Tuesday, November 12, 2024, at 11 a.m. Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's investor relations website at EchoStar Investor Relations.To attend the call, please use the information below for dial-in access. When prompted on dial-in, please utilize the conference ID or ask for the "EchoS ...

Core Viewpoint - EchoStar Corporation has initiated exchange offers for its subsidiary DISH Network's existing convertible notes, aiming to optimize its balance sheet and secure support from stakeholders representing over 90% of the outstanding notes [1][2]. Group 1: Exchange Offers Details - The exchange offers include the 0% Convertible Notes due 2025 and the 3.375% Convertible Notes due 2026, which will be exchanged for 6.75% Senior Secured Notes due 2030 and 3.875% Convertible Secured Notes due 2030 [1][3]. - The total principal amount outstanding for the DISH Network 2025 Notes is approximately $1.96 billion, while the DISH Network 2026 Notes amount to about $2.91 billion [3]. - The exchange consideration for the 0% Convertible Notes includes $524.30 of EchoStar Exchange Notes and $400.70 of EchoStar Convertible Notes per $1,000 principal amount of Existing DISH Notes tendered [3]. Group 2: Transaction Support Agreement - EchoStar has entered into a Transaction Support Agreement with eligible holders of the Existing DISH Notes, which collectively represent over 90% of the aggregate principal amount outstanding [2]. - The participation from these eligible holders will satisfy the Minimum Tender Condition required for the exchange offers [2][8]. Group 3: Proposed Amendments - Concurrently with the exchange offers, EchoStar is soliciting consents to amend the terms of the Existing DISH Notes, including the elimination of certain events of default and restrictive covenants [5]. - Holders must tender their Existing DISH Notes to consent to the Proposed Amendments, and vice versa [5]. Group 4: Conditions and Expiration - The exchange offers and consent solicitations will expire on November 7, 2024, unless extended by EchoStar [7]. - The consummation of the exchange offers is contingent upon the effectiveness of a registration statement and the valid tendering of at least 90% of the outstanding principal amount of the Existing DISH Notes [8]. Group 5: Security and Guarantees - The EchoStar Notes will be guaranteed by certain subsidiaries and secured by a lien on Spectrum Assets held by these subsidiaries [4]. - The guarantees will be on a first-priority basis, subject to permitted liens and exceptions [4].

EchoStar Corporation (SATS) recently inked a three-year agreement with Connected – a startup focused on providing universal narrowband connectivity from space. Per the deal, SATS will supply its modern EM2050 modules to Connected. The initiative augments Connected's product portfolio by integrating direct-to-device satellite communications. By reducing the dependency on extensive ground infrastructure, this partnership ensures increased reliability and performance in the most isolated regions, leveraging Ec ...

Core Viewpoint - EchoStar Corporation (SATS) has entered into a definitive agreement to sell its video distribution business, DISH DBS, to DIRECTV for approximately $9.75 billion, aiming to consolidate operations in the Pay-TV industry and enhance competitive positioning in the media landscape [1][2]. Group 1: Transaction Details - The merger will allow DIRECTV and DISH DBS to negotiate better content deals, providing consumers with a wider selection of channels and streaming options [2]. - The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals and other closing conditions [2]. - EchoStar has secured $2.5 billion in new financing to ensure DISH's operational stability while the transaction is finalized [3]. Group 2: Financial Implications - The merger is projected to generate cost synergies of at least $1 billion annually, with savings expected to be realized by the third year post-closure [7]. - EchoStar anticipates a reduction in total consolidated debt by nearly $11.7 billion at the time of deal closure, along with a decrease in refinancing needs through 2026 by approximately $6.7 billion [8]. - The company reported a 9% year-over-year decline in revenues to $3.96 billion, attributed to net subscriber losses across its services [9]. Group 3: Strategic Focus - Following the merger, EchoStar plans to enhance its focus on its 5G Open RAN network under the Boost Mobile brand, aiming to compete with major wireless carriers [5]. - A capital investment of $5.1 billion has been secured to develop and expand the Boost Mobile 5G network, improving coverage and customer experience [6]. - The merger will enable EchoStar to leverage its satellite assets for innovative direct-to-device solutions, enhancing its competitive edge in the wireless market [5][6].

Dish's "Seinfeld" strategy appears to have ended quite like the actual show — with its finale a generallyaccepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned "Seinfeld" on an earnings call, responding to an analyst's question about his company's mixed bag of assets. Ergen noted a half-hour episode of the 1990s sitcom would usually start with multiple plot lines without a clear direction, "But it all seemed to come together in the last couple of minutes," he said. "And so I think in ...

EchoStar is selling its Dish TV provider and digital business Sling to rival provider DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers and sent EchoStar shares plunging 10%. DirecTV agreed to pay a nominal fee of $1 for Dish. The deal will see DirecTV assume about $9.75 billion in debt and is contingent on consent from some of Dish's bondholders, according to a news release. The deal is expected to close in the fourth quarter of 2025. Combined, DirecTV and Dish wil ...

Economic & Earnings Commentary Pre-market futures are down this morning following a modest up-week across major indexes. Nothing major at this hour — it looks like a slight roll-back ahead of a new Jobs Week, which gets underway tomorrow. The Dow is -81 points currently, the Nasdaq is -74 and the S&P 500 is -17 points. What's Expected for Jobs Week in the Stock Market? We have a plethora of data set to hit the tape this week, from S&P PMI and ISM Manufacturing and Services reports, Construction Spending, Au ...

At long last, EchoStar is exiting the satellite TV business. So it seems that the rumors were true. Two weeks after Bloomberg broke the story that the on-again, off-again merger between EchoStar (SATS -11.48%) and DirecTV might be on again, EchoStar this morning announced a "suite of transformative transactions to delever its balance sheet and improve its debt maturity profile." Investors are unimpressed. EchoStar stock fell 18.5% through 10:15 a.m. ET on the news. How the Dish-DirecTV merger will work As E ...