Core Viewpoint - Boost Mobile is launching a limited-time offer providing one year of free service on its $25 Unlimited plan when customers purchase eligible 5G devices at full price, enhancing accessibility to the latest technology without trade-in or contract requirements [2][3]. Offer Details - The offer is available to both new and existing customers who purchase eligible 5G devices valued over $299, including the latest iPhone and Samsung smartphones [4]. - Customers can receive either one year of free service on the $25 Unlimited plan or $300 off 12 months of service on the $50 Unlimited+ and $60 Unlimited Premium plans [4]. - This promotion is exclusively available online at BoostMobile.com, with no trade-in or minimum-line requirements [4]. Network and Technology - Boost Mobile's 5G network offers faster download speeds, streaming, and gaming, with access to more towers than any other carrier, ensuring reliability and connectivity [5]. - The network utilizes cloud-native Open RAN technology, providing consumers with fast 5G speeds and the latest network advancements [5]. Company Overview - Boost Mobile provides flexible and transparent wireless plans starting at $25 for unlimited 5G service, with no annual contracts and the freedom to upgrade devices without trade-in [6]. - The company is a brand under EchoStar Corporation and is positioned as the newest nationwide mobile carrier in the U.S. [6].

EchoStar Corporation's (SATS) subsidiaries, Hughes Network Systems and Boost Mobile, jointly demonstrated optimized, multi-transport network management for the U.S. Navy. The demonstration, conducted earlier this year, evaluated remote network orchestration, wide area network (WAN) resiliency and secure Radio Access Network (RAN) sharing between standalone Private 5G networks at the U.S. Navy Air Station in Whidbey Island, WA, and a base in Hawaii. The demo established that the EchoStar Private 5G ORAN netw ...

Multi-year partnership and launch of moto g 5G Coach Prime bring innovation and inspiration to customers and CU students, alumni and fans. LITTLETON, Colo., Aug. 26, 2024 /PRNewswire/ -- Boost Mobile, the newest nationwide wireless carrier, is now the official wireless provider for the University of Colorado. With this announcement, Boost Mobile is also releasing the Boost-exclusive moto g 5G Coach Prime, the latest premium device developed in partnership with Deion "Coach Prime" Sanders, renowned Pro Footb ...

Company Overview - EchoStar Corporation's Hughes Network Systems LLC has shipped over 5,000 HL1120W electronically steerable antenna (ESA) Low-Earth Orbit (LEO) terminals, highlighting its leadership in enterprise-class satellite terminals for the Eutelsat OneWeb LEO constellation [1] - The HL1120W terminal is a low-profile, full-duplex device with a built-in modem and a phased array antenna, produced at a new facility in Germantown, MD [2] Technical Specifications - The HL1120W supports speeds of up to 195 Mbps down and 32 Mbps up, addressing modern communication demands with minimal interruptions during satellite beam switching every 11 seconds [3] - Hughes designs and manufactures gateway electronics and core modules for the Eutelsat OneWeb LEO system, capable of facilitating over 10,000 beam-to-beam and satellite-to-satellite handoffs per second [4] Service Offerings - Hughes provides a fully managed LEO service that includes design, installation, maintenance, and capacity, ensuring reliable broadband solutions, especially in remote areas [5] - The managed service is enhanced by Managed SD-WAN capabilities, offering greater connectivity options for business and government users [5] Recent Developments - In June 2024, Hughes announced the acquisition of 1,200 JUPITER Terminals and a JUPITER System Gateway by Saudi Arabia-based Luna Space Telecommunications Co. Ltd., expected to enable new sector opportunities in government, finance, and oil and gas [6] Industry Performance - Despite advancements, EchoStar faced subscriber losses in Pay-TV, Retail Wireless, and Broadband services, resulting in a 9% year-over-year revenue decline to $3.96 billion, missing consensus estimates by 0.6% [7] - The company faces competition from Iridium Communications, Eutelsat Communications, and Globalstar in the mobile and satellite communications industry [7] Peer Analysis - Iridium is experiencing growth in engineering and support revenues due to increased activity with the U.S. government, although it anticipates lower equipment sales in 2024 [8][9] - Globalstar provides satellite voice and data services globally and is focusing on developing its spectrum and wholesale capacity services [9][10] - Eutelsat, a global satellite communications provider, continues to pursue strategic collaborations for top-line expansion, having acquired OneWeb in 2023 to become a fully integrated GEO-LEO satellite operator [10][11]

EchoStar Corporation (SATS) reported a second-quarter 2024 non-GAAP loss of 76 cents per share against earnings of 69 cents in the prior-year quarter. The bottom line was wider than the Zacks Consensus Estimate of a loss of 37 cents by 105.4%. Revenues in the quarter totaled $3.96 billion, down 9% year over year. The top line missed the consensus mark by 0.6%. Net subscriber losses in Pay-TV, Retail Wireless and Broadband and satellite services led to the downfall. Segmental Details In the reported quarter, ...

Financial Data and Key Metrics - Revenue for Q2 2024 was $3.95 billion, down 9% year-over-year, primarily due to subscriber declines across all lines of business [10] - OIBDA was $442 million, down $181 million year-over-year, driven by increased operating costs and decreased margins from fewer subscribers [10] - Free cash flow was negative $191 million, primarily due to $450 million in cash interest payments, but improved by $360 million year-over-year due to decreased capital spending [10] - Cash and cash equivalents plus marketable securities totaled $521 million at the end of Q2 2024 [9] Business Line Performance Pay-TV - Ended Q2 with approximately 8.1 million customers, with improved churn rates and ARPU growth of over 4% [12] - DISH TV SAC (Subscriber Acquisition Cost) was significantly lower compared to Q2 2023, driven by increased marketing efficiency [12] - DISH Connected product rollout continued, contributing to ARPU gains [13] - Hospitality and senior living segments saw growth, with 1.35 million hotel rooms and over 300,000 active units in nursing care and assisted living facilities [13] - Sling TV added 78,000 subscribers, reaching approximately 2 million, with improved customer experience and product performance [15] Broadband and Satellite Services - HughesNet consumer business expanded subscriber acquisition by 14% year-over-year, supported by the Jupiter 3 satellite [16] - HughesNet Enterprise business is growing, with expectations to surpass consumer revenues this year [17] - Hughes Managed LEO business shipped over 5,000 user terminals, with positive feedback and increased demand [17] - Significant orders were received in the enterprise business, including partnerships with TCI, Türksat, Delta Airlines, and Gogo Business Aviation [18] Wireless - Boost Mobile rebranding efforts led to a unified prepaid and postpaid experience, with a 30-day money-back guarantee [19] - Ended Q2 with approximately 7.3 million subscribers, adding 32,000 net retail wireless subscribers excluding ACP losses [21] - Churn rate improved to 2.93%, down 35.5% year-over-year, with ARPU increasing due to higher-quality subscribers [22] - Boost Mobile's 5G network now reaches over 200 million Americans for voice and 250 million for mobile broadband [24] - On-net traffic is accelerating, with third-party benchmarking showing competitive network performance in key markets [25] Market Performance - The company is focused on integrating operations and driving synergies across Pay-TV, wireless, and broadband segments [6] - The Liberty Puerto Rico transaction received approval and is expected to close within 30 days [8] - The company is working to refinance $2 billion of debt maturing in November 2024, with constructive discussions ongoing [9] Strategic Direction and Industry Competition - The company is focused on operational efficiency, cost management, and innovation, particularly in its Open RAN wireless network [6] - Boost Mobile's pivot to a unified digital experience and new marketing campaigns aim to increase market share in the wireless sector [19] - The company is transitioning to owner's economics in the wireless business, with a focus on profitable growth and operational efficiencies [20] - The network deployment is progressing, with significant milestones met and plans to meet future FCC requirements [27] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the progress made in the first half of 2024, particularly in Pay-TV and wireless, with improved ARPU and reduced churn [29] - The company is focused on maintaining liquidity and addressing the $2 billion debt maturity in November 2024 [9] - Management expects to achieve positive net adds in retail wireless for the full year, excluding ACP losses [46] - The company is confident in its ability to meet FCC build-out requirements for 2025, with 90% of the carrying value of spectrum licenses already covered [27] Other Important Information - The company is not considering selling its spectrum assets and is focused on using them as collateral for refinancing [62] - The company is working to improve device compatibility for its 5G network, with most new Android devices and iPhone 15 and newer models being compatible [50] - CapEx for 2024 is expected to be roughly half of 2023 levels, with increased spending anticipated in 2025 to meet FCC requirements [52] Q&A Session Summary Ric Prentiss (Raymond James) - Asked about the timeline for refinancing and the availability of unencumbered spectrum [31] - Management confirmed that the company has sufficient cash to meet obligations until the debt maturity and is working on refinancing options [32] - The company has significant unencumbered spectrum that can be used as collateral [34] - Management did not provide specific guidance on when the wireless business will achieve positive EBITDA but expressed optimism about the progress made [35] - No immediate updates on 5G private networks, but the company is participating in early deployments and sees potential in the market [37][38] Shipra Pandey (Bank of America) - Asked about the company's remaining collateral and the impact of legal liabilities on refinancing discussions [41] - Management emphasized that the spectrum assets are unencumbered and can be used as collateral, with constructive discussions ongoing [42] - The company is focused on maximizing value and addressing liquidity issues without damaging the business [43] Sebastiano Petti (JPMorgan) - Asked about the path to positive net adds in retail wireless and the impact of device compatibility on network traffic [45] - Management confirmed expectations for positive net adds in retail wireless for the full year, excluding ACP losses [46] - Device compatibility is improving, with most new Android devices and iPhone 15 and newer models being compatible with the 5G network [50] - CapEx is expected to increase in 2025 to meet FCC build-out requirements [52] Walter Piecyk (LightShed) - Asked about the company's spectrum coverage and the potential for selling spectrum [55] - Management clarified that 90% of the carrying value of spectrum licenses is covered, with the remaining 10% requiring additional financing [57] - The company is not considering selling spectrum and is focused on using it as collateral for refinancing [61] - Management also discussed friction points in wireless gross adds, including distribution and device unlocking issues [68][70] Jonathan Chaplin (New Street) - Asked about the impact of the lawsuit on refinancing discussions and the potential for disruptive pricing in the wireless market [72] - Management stated that the lawsuit is not hindering refinancing discussions and that the company is focused on fair competition in the wireless market [73][75] - The company is not planning to disrupt the market with aggressive pricing but is focused on providing value to customers [74] Marilyn Pereira (Bank of America) - Asked about working capital trends and seasonality [79] - Management explained that working capital is influenced by seasonality and timing of payments, with expectations for slight improvements by year-end [80][81]

EchoStar (SATS) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -105.41%. 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 $0.17 per share when it actually produced a loss of $0.40, delivering a surpri ...

ENGLEWOOD, Colo., Aug. 9, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three and six months ended June 30, 2024. Six Months Ended June 30, 2024: EchoStar reported total revenue of $7.97 billion for the six months ending June 30, 2024, compared to $8.74 billion in the year ago period. Net loss attributable to EchoStar in the first two quarters of 2024 was $312.97 million, compared to net income of $466.20 million in the year ago period. Diluted loss per sha ...

Financial Performance - Total revenue for Q2 2024 was $3,952,751, a decrease of 9.2% from $4,356,462 in Q2 2023[19] - Service revenue for Q2 2024 was $3,742,086, down from $4,088,513 in Q2 2023, reflecting a decline of 8.5%[19] - Net loss for Q2 2024 was $207,458 compared to a net income of $232,692 in Q2 2023, representing a significant turnaround[19] - Operating income for Q2 2024 was a loss of $65,369, compared to an operating income of $252,229 in Q2 2023[19] - Basic net loss per share attributable to EchoStar for Q2 2024 was $(0.76), compared to earnings of $0.79 in Q2 2023[19] - Total costs and expenses for Q2 2024 were $4,018,120, slightly down from $4,104,233 in Q2 2023[19] - EchoStar reported a net income attributable to EchoStar of $212.662 million for the quarter ended June 30, 2023, compared to $253.534 million for the quarter ended March 31, 2023, reflecting a decrease of approximately 16%[21] - The company experienced a net cash flow from operating activities of $930.984 million for the six months ended June 30, 2024, compared to $1.539 billion for the same period in 2023, indicating a decline of about 39.4%[22] Assets and Liabilities - Total current assets decreased to $2,787,866 as of June 30, 2024, from $4,891,814 as of December 31, 2023, a decline of 43%[17] - Total liabilities decreased to $35,623,242 as of June 30, 2024, down from $36,720,602 as of December 31, 2023, a reduction of 3%[17] - Total assets decreased to $55,255,193 as of June 30, 2024, from $57,108,894 as of December 31, 2023, a decline of 3.2%[17] - Cash and cash equivalents as of June 30, 2024, were $419,246, down from $1,821,376 as of December 31, 2023, a decrease of 77%[17] - EchoStar's total stockholders' equity as of June 30, 2023, was reported at $22.127 billion, a slight increase from $21.870 billion as of March 31, 2023[21] 5G Network Deployment - The company has invested over $30 billion in Wireless spectrum licenses, excluding $9 billion of capitalized interest, to support its 5G Network Deployment[32] - EchoStar achieved 70% U.S. population access to average download speeds of 35 Mbps by March 2024, fulfilling a key FCC commitment[34] - EchoStar's 5G Network covers over 200 million Americans and provides broadband service to over 250 million Americans[34] - The company plans to commercialize its wireless spectrum licenses through its 5G Network Deployment, with commitments to serve larger portions of the U.S. population[123] - Capital expenditures for the 5G Network Deployment are expected to be approximately $10 billion, including amounts incurred from 2021 to the first six months of 2024[128] Subscriber Information - As of June 30, 2024, EchoStar had 8.074 million Pay-TV subscribers, including 6.076 million DISH TV subscribers and 1.998 million SLING TV subscribers[29] - The Retail Wireless segment had 7.281 million subscribers as of June 30, 2024, with ongoing transition to a mobile network operator (MNO) for 5G services[31] - As of June 30, 2024, EchoStar had 955,000 Broadband subscribers, supported by the EchoStar XXIV satellite launched in December 2023[36] Legal Proceedings - The company is involved in various legal proceedings, but management does not believe the outcomes will materially affect its financial condition[138] - DISH Network L.L.C. and DISH Technologies L.L.C. were found to have infringed patent claims, resulting in a jury award of $469 million, which was later vacated by the court[145] - DISH Network is facing multiple class action complaints related to a cybersecurity incident that occurred on February 23, 2023, with claims for contractual breaches and negligence[147] - The company intends to vigorously defend against potential substantial damages, which may include treble damages and injunctions requiring modifications to current consumer offerings[146] Financial Obligations and Debt - The company has $1,982,544 thousand in 5 7/8% Senior Notes due 2024, with a fair value of $1,885,796 thousand as of June 30, 2024[105] - The company issued $2.0 billion in 0% Convertible Notes due 2025, which are unsecured obligations and do not bear interest[108] - The company’s total lease payments, including finance leases, are projected to be $5,848,813 thousand, with a significant portion due thereafter[101] - The company has entered into a contract for the construction of EchoStar XXV, expected to launch in 2026, enhancing its satellite capabilities[91] Contractual Obligations - Contract liabilities decreased to $643,150 thousand as of June 30, 2024, down from $710,456 thousand as of December 31, 2023[212] - The remaining performance obligations for customer contracts were approximately $1.424 billion as of June 30, 2024, a decrease of $316 million from $1.740 billion as of December 31, 2023[214] - Performance obligations expected to be satisfied within one year and greater than one year are 30% and 70%, respectively[214] Other Financial Metrics - Advertising expenses totaled $164 million and $207 million for the three months ended June 30, 2024 and 2023, respectively, and $328 million and $380 million for the six months ended June 30, 2024 and 2023, respectively[54] - Research and development costs totaled $29 million and $27 million for the three months ended June 30, 2024 and 2023, respectively, and $54 million and $55 million for the six months ended June 30, 2024 and 2023, respectively[57] - The company recognized a total of $(91,498) thousand in "Other, net" for the three months ended June 30, 2024, compared to $34,068 thousand for the same period in 2023[82]

ENGLEWOOD, Colo., Aug. 5, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its second quarter 2024 financial results on Friday, August 9, 2024, at noon 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 "EchoStar C ...