EchoStar Corporation（SATS.US）Churn better than expected；Nov maturity in focus

Global Research and Evidence Lab 13 August 2024 EchoStar Corporation Churn better than expected; Nov maturity in focus In active discussions ahead of November maturity We are updating our estimates following 2Q results, which incl. better metrics (TV sub losses lower; wireless adds positive ex-ACP) but sustained revenue/EBITDA declines. Mgmt indicated it is in constructive discussions w/ funding sources to raise add'l capital ahead of its Nov' 24 debt maturity (~$2B). While visibility is limited, we believe ...