{
EchoStar Corporation

Companies

}
Symbol SATS
Name EchoStar Corporation
Currency USD
Sector Information Technology
IndustryGroup Technology Hardware & Equipment
Industry Communications Equipment
Market NASDAQ Global Select
Country United States
State CO
City Englewood
Zipcode 80112-5308
Website http://www.echostar.com
Track all markets on TradingView
directv abandons dish merger plans amid debt exchange failure
DirecTV has abandoned its plans to merge with Dish Network due to a failed debt-exchange offer, which required bondholders to accept a significant reduction in debt value. Analysts suggest that despite this setback, the potential for substantial synergies may prompt future negotiations, especially as litigation involving EchoStar could influence the timeline. The combined entity would be better positioned to adapt to the decline in satellite TV subscribers amid the rise of streaming services.
SpaceNews
United States Dollar DirecTV EchoStar Corporation Dish Network USA Jonathan Chaplin Show more
Finance & Economy, News Article
17:00 22.11.2024
directv cancels dish acquisition deal after bondholders reject debt exchange
DirecTV has terminated its agreement to acquire EchoStar's satellite television business, including Dish TV, due to a failed debt-exchange offer. The deal, which aimed to create a major pay-TV distributor with 20 million subscribers, required Dish bondholders to accept a significant debt reduction, but 85% rejected the proposal. DirecTV's CEO stated that the termination was necessary to protect the company's balance sheet and operational flexibility.
CNBC
United States Dollar DirecTV EchoStar Corporation USA Charlie Ergen Bill Morrow
Finance & Economy, News Article
13:06 22.11.2024
directv cancels dish network acquisition after bondholder disagreement
DirecTV has decided to terminate its acquisition of Dish Network after failing to secure bondholder consent for a crucial debt exchange. The company issued formal notice to EchoStar Corp., effectively ending the deal that aimed to create the largest pay-TV service in the U.S. Dish has not pursued new discussions with bondholders to salvage the agreement.
Bloomberg.com
DirecTV EchoStar Corporation Dish Network Corp. USA Show more
Finance & Economy, News Article
03:26 22.11.2024
space stocks surge amid trump elon trade rally and positive market sentiment
Space stocks surged this week, with gains of up to 41% for companies like Rocket Lab and Intuitive Machines, fueled by a "Trump-Elon trade" rally and positive third-quarter results. Analysts highlight a shift towards newer space firms as legacy players decline, driven by lower costs and increased investor interest in the sector's growth potential. The incoming Trump administration's focus on space is expected to sustain this momentum, benefiting companies like Rocket Lab.
CNBC
EchoStar Corporation Redwire Corporation Rocket Lab USA, Inc. Viasat, Inc. SpaceX Spire Global, Inc. Intuitive Machines, Inc. AST SpaceMobile, Inc. Planet Labs PBC USA Andres Sheppard Andrew Chanin Donald Trump Peter Beck Elon Musk Show more
Technology & Innovation, Market Report
23:00 15.11.2024
directv cancels dish acquisition after bondholders reject debt offer
DirecTV has abandoned its acquisition of Dish Network assets after bondholders rejected a proposed debt offer, which was a condition for the deal. The termination, effective by midnight on Nov. 22, leaves Dish in a precarious financial situation amid a declining pay TV market. Dish's parent company, EchoStar, recently reported disappointing earnings, causing a significant drop in its stock price.
CNBC
United States Dollar EchoStar Corporation TPG Inc. Dish Network Corp. DirectView Holdings Inc. USA Charlie Ergen TPG CEO Show more
Finance & Economy, News Article
04:09 13.11.2024
DirecTV to terminate Dish acquisition if debt swap not resolved
DirecTV plans to terminate its acquisition of Dish Network Corp. within 10 days unless bondholders agree to a debt exchange. A spokesperson stated that a successful exchange was a prerequisite for the acquisition, and without it, the deal will be called off by midnight on Nov. 22.
bloomberg.com
EchoStar Corporation Dish Network Corp. DirectView Holdings Inc. USA Show more
Finance & Economy, Press Release
01:52 13.11.2024
Apple invests 1.5 billion in Globalstar to enhance iPhone satellite services
Apple has committed $1.5 billion to Globalstar to enhance iPhone satellite services, including $1.1 billion in cash and a 20% equity stake. This investment will help Globalstar expand its satellite network and infrastructure, as it continues to allocate 85% of its capacity to Apple. Following the announcement, Globalstar's stock surged by 36%.
CNBC
United States Dollar Globalstar, Inc. Apple Inc. SpaceX EchoStar Corporation Iridium Communications Inc. USA Show more
Technology & Innovation, Press Release
15:45 01.11.2024
echostar plans aggressive expansion into satellite and mobile broadband services
EchoStar is set to expand its satellite and mobile broadband services after selling Dish and Sling TV to DirecTV for $1, along with transferring $10 billion in debt. The restructuring aims to focus on direct-to-device satellite services, with plans to raise $5.5 billion in new capital, while analysts predict a challenging environment for its wireless business and ongoing declines in satellite pay-TV subscriptions.
SpaceNews
United States Dollar TPG Angelo Gordon New Street Research SpaceX Boost Mobile Hughes Network Systems Dish Network Corp. Sling TV AT&T Inc. DirectView Holdings Inc. EchoStar Corporation USA Hamid Akhavan Jonathan Chaplin Dimitri Buchs Ric Prentiss Show more
Finance & Economy, Market Report
20:35 01.10.2024
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