EchoStar

EchoStar Corporation
TypePublic company
IndustryTelecommunication
Founded1980; 43 years ago (1980)
DefunctAugust 8, 2023 (2023-08-08)
FateMerged with DISH Network on August 8, 2023, transaction currently scheduled to be completed by the end of the year
HeadquartersInverness, Colorado, U.S.
Key people
ProductsSatellite Services
RevenueIncrease US$1.99 billion (2021)
Increase US$217 million (2021)
Increase US$62.7 million (2021)
Total assetsDecrease US$6.05 billion (2021)
Total equityDecrease US$3.41 billion (2021)
Number of employees
c. 2,500 (2021)
Subsidiaries
Websiteechostar.com
Footnotes / references
[1]

EchoStar Corporation is an American company, a worldwide provider of satellite communication and Internet services through its Hughes Network Systems and EchoStar Satellite Services business segments. EchoStar is based in unincorporated Arapahoe County, Colorado.

Prior to 2008, it operated the DISH Network service brand, which was spun off as DISH on January 1, 2008.

History

EchoStar was originally formed in 1980 by its chairman Charles Ergen as a distributor of C band TV systems. In 1987, it applied for a direct broadcast satellite (DBS) license with the Federal Communications Commission and was granted access to orbital slot 119° west longitude in 1992.

On December 28, 1995, the firm successfully launched its first satellite, EchoStar I.[2] On March 4, 1996, it established the DISH Network brand name to market its home satellite TV system.[3]

On January 2, 2008, the DISH Network business was demerged from the technology and infrastructure side of the business. A split in the shares created two companies; the former EchoStar Communications Corporation changed its name to DISH Network Corporation[4] which consisted mainly of the DISH Network business, and EchoStar Corporation, which retained ownership of the technology side including the satellites, Sling Media, and the set-top box development arm. DISH Network completed its distribution to EchoStar of its digital set-top box business, certain infrastructure, and other assets and related liabilities, including certain of their satellites, uplink and satellite transmission assets, and real estate (the "Spin-off"). Since the Spin-off, EchoStar and DISH Network have operated as separate publicly traded companies.[5] In addition, a substantial majority of the voting power of the shares of DISH Network and EchoStar is owned beneficially by Charles W. Ergen, Chairman, and by certain trusts established by Mr. Ergen for the benefit of his family.

On February 14, 2011, EchoStar announced that it would acquire Hughes Communications in a deal valued at US$1.3 billion.[6]

On January 31, 2017, EchoStar announced that it had reached an agreement with DISH to transfer the EchoStar Technologies businesses, which designed, developed and distributed digital set-top boxes, provided satellite uplinking and broadcast services and developed and supported streaming video technology back to DISH.[7] The transaction was completed on January 31, 2017,[8] substantially returning DISH to its pre-2008 status as a set-top-box hardware manufacturer.

In March 2017, after two delays caused by weather worries, SpaceX delivered EchoStar XXIII into orbit. The satellite was launched on a Falcon 9 Rocket and provides broadcast services for Brazil.[9] Because EchoStar XXIII is a heavy satellite, this mission did not include a rocket landing post-takeoff, as it would require too much fuel. This was the first time a purely commercial satellite was launched from a pad that once served as the base for Apollo moon trips and space shuttle flights.[10][11]

On May 20, 2019, EchoStar announced[7] that it had reached an agreement with DISH Network Corporation to transfer the portion of the business which managed and provided broadcast satellite services, referred to as the BSS (Broadcast Satellite Services) business, to DISH in order to concentrate on broadband services and other initiatives. The transaction was completed on September 10, 2019.[12]

On August 8, 2023, The Hollywood Reporter reported that Ergen was proposing a merger between Dish and EchoStar.[13] Later that day, the acquisition was formally announced by both companies.[14] The transaction is currently scheduled to be completed by the end of the year.

Satellite fleet

Orbital locations may change

Since EchoStar frequently moves satellites among its many orbiting slots this list is not immediately accurate.

EchoStar satellites
Satellite Location Launch date Launcher Satellite bus
EchoStar IX (Galaxy 23) 121° W August 8, 2003 Zenit_3SL FS-1300
EchoStar X 110° W February 15, 2006 Zenit_3SL A2100AXS
EchoStar XV 61.5° W July 10, 2010 Proton-M/Briz-M LS-1300
EchoStar XVII (Jupiter 1) 107.0° W July 5, 2012 Ariane 5 LS-1300
EchoStar XVI 61.5° W November 20, 2012 Proton-M/Briz-M LS-1300
EchoStar XIX (Jupiter 2) 97.1° W December 18, 2016 Atlas V SSL 1300
EchoStar XXIII 109.9° W March 16, 2017 Falcon 9 SSL 1300
EchoStar 105 / SES-11 105.0° W October 11, 2017 Falcon 9 Eurostar E3000
EchoStar XXIV (Jupiter 3) 105.2° W July 29, 2023 Falcon Heavy SSL 1300

References

  1. ^ "EchoStar Corporation 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 24 February 2022.
  2. ^ Ford, Dominic. "ECHOSTAR 1 - In-The-Sky.org". in-the-sky.org. Retrieved 4 March 2019.
  3. ^ HOGAN, MONICA. "EchoStar Toasts a Decade of Dish Network". Multichannel. Retrieved 4 March 2019.
  4. ^ "SEC Filing | Dish". ir.dish.com. Retrieved 2019-10-31.
  5. ^ Savitz, Eric. "EchoStar Completes Spinoff; Worth More In Parts?". www.barrons.com. Retrieved 4 March 2019.
  6. ^ de la Merced, Michael (14 February 2011). "EchoStar in $1.3 Billion Deal for Hughes Communications". The New York Times.
  7. ^ a b "EchoStar Announces Agreement to Transfer BSS Business to DISH". EchoStar Corporation. Retrieved 2019-10-31.
  8. ^ "EchoStar Announces Exchange Agreement for Tracking Stock". EchoStar Corporation. Retrieved 2019-10-31.
  9. ^ Foust, Jeff (16 March 2017). "SpaceX launches EchoStar 23". SpaceNews.com. Retrieved 4 March 2019.
  10. ^ Grush, Loren (2017-03-13). "SpaceX successfully launched a communications satellite on its Falcon 9 rocket". The Verge. Retrieved 2017-08-07.
  11. ^ "After delay, SpaceX launches EchoStar satellite – but forgoes rocket landing". GeekWire. 2017-03-16. Retrieved 2017-08-07.
  12. ^ "EchoStar Announces Completion of the Spin-Off and Merger of its BSS Business". EchoStar Corporation. Retrieved 2019-10-31.
  13. ^ Wprin, Alex; Szalai, George. "Charlie Ergen Wants to Reunite His Telecom Empire Via All-Stock Merger of Dish Network and EchoStar". The Hollywood Reporter.
  14. ^ "DISH Network Corporation and EchoStar Corporation to Combine". Dish Network. 8 August 2023.