EL SEGUNDO, Calif., March 3, 2025 /PRNewswire/ -- Gen Mobile, a leading provider of prepaid wireless phone service, today announced significant updates to its plans. These updates will offer customers more data, more international, and expanded North American roaming capabilities—with no price increases! As mobile data usage continues to rise, Gen Mobile is stepping up to meet the needs of today's connected consumers and reaffirming its commitment to ensuring that cost is not a barrier to connectivity, especially in the face of rising living costs.

ENGLEWOOD, Colo., Feb. 27, 2025 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three and twelve months ended December 31, 2024.

Twelve Months Ended December 31, 2024:

EchoStar reported 2024 total revenue of $15.83 billion, compared to $17.02 billion in 2023. The net decrease in revenue primarily resulted from subscriber declines, most significantly in its Pay-TV segment.Net loss attributable to EchoStar in 2024 was $119.55 million, compared to net loss of $1.70 billion in 2023. The net loss in 2024 was positively impacted by a noncash gain totaling approximately $689 million related to our debt exchange offer and the resulting debt extinguishment. The net loss in 2023 was primarily attributable to a noncash impairment to goodwill totaling approximately $758 million, and an adjustment to the carrying value of the 800 MHz purchase option totaling approximately $1.8 billion. Excluding the tax affected impact of the noncash adjustments for 2024 and 2023, the 2024 net loss attributable to EchoStar would have been approximately $664 million and the 2023 net income attributable to EchoStar would have been approximately $361 million. Diluted loss per share was $0.44 in 2024, compared to $6.28 in 2023.Consolidated OIBDA totaled $1.63 billion, compared to $1.32 billion in 2023. (See OBIDA definition and non-GAAP reconciliation below.)

ENGLEWOOD, Colo., Feb. 21, 2025 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, February 27, 2025, at 11:00 a.m. Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's Investor Relations website.

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 Corporation Q4 and Full Year 2024 Earnings Conference Call."

The powerful new member of the iPhone 16 family is available for Pre-Order starting Friday, February 21. 

New Boost Mobile customers can get the new iPhone 16e for $199.99 when they port their number and sign up for Boost's Unlimited Premium plan. 

LITTLETON, Colo., Feb. 20, 2025 /PRNewswire/ -- Boost Mobile, the newest nationwide carrier, will offer iPhone 16e, a new addition to the iPhone 16 lineup, featuring breakthrough battery life, the fast performance of the A18 chip, Apple Intelligence,i and a 48MP 2-in-1 camera system — all at an incredible value. Customers can pre-order the new iPhone 16e starting Friday, February 21. For complete pricing and availability details, please visit BoostMobile.com.

LITTLETON, Colo., Jan. 22, 2025 /PRNewswire/ -- A new era of smartphones is here. Starting today, customers can pre-order the all-new Samsung Galaxy S25 Series – S25, S25+ and S25 Ultra – with the Boost Mobile Infinite Access plan and enjoy up to $1,000 in savings.

"Boost Mobile is excited to bring Samsung's next generation of smartphones to our customers at an unbeatable value," said Sean Lee, SVP of Consumer Product and Marketing, Boost Mobile. "With the Infinite Access plan at just $65 per month, customers can enjoy significant savings of up to $1,000 without the need for trade-ins or additional lines."

LITTLETON, Colo., Jan. 14, 2025 /PRNewswire/ -- Boost Mobile is introducing the Samsung Galaxy A15 5G and Galaxy A16 5G smartphones to its 2025 device lineup, offering customers access to affordable cutting-edge Samsung devices on Boost Mobile's fast and reliable nationwide 5G network. Designed with all the essential features users expect in a Samsung device, the Galaxy A15 5G and Galaxy A16 5G make embracing innovation both accessible and budget-friendly. 

Employees named number one risk to network security, Hughes and Cybersecurity Insiders found

GERMANTOWN, Md., Jan. 14, 2025 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), today released the 2025 State of Secure Network Access Report, exploring how businesses are adapting cybersecurity strategies to combat emerging cyber threats and ensure ubiquitous connectivity in a hybrid world. Critically, employees were highlighted as the No. 1 user group posing the greatest threat to network security—demonstrating the importance of evolving cyber strategies alongside the modern workforce.

Unlock big savings on your wireless plans and tax filing, plus a chance to double your refund

LITTLETON, Colo., Jan. 6, 2025 /PRNewswire/ -- What do Boost Mobile's phone plans and filing your taxes through Liberty Tax have in common? They both help maximize your budget! Boost Mobile and Liberty Tax are bringing big savings this tax season and beyond, including half off one year of service on Boost's best Unlimited plans and 25% off Liberty Tax filing services. 

$6.5M Contract Will Support Open RAN with a RAN Intelligent Controller (RIC) Experimentation for U.S. Department of Defense

DENVER, Nov. 19, 2024 /PRNewswire/ -- EchoStar Corporation, (Nasdaq: SATS) today shared that its subsidiary Hughes Network Systems, LLC, was awarded a $6.5 million contract to deploy a 5G Open Radio Access Network (ORAN) prototype at Fort Bliss in El Paso, Texas. The network will feature a RAN Intelligent Controller (RIC), which will allow the U.S. Department of Defense (DoD) to test RIC-based software applications for military networks. The 5G Open RAN prototype equipment will be installed on Fort Bliss to operate a temporary network for evaluation purposes, which will then transition to serve as part of the Hughes commercial network supporting both DoD and commercial customers in and around Fort Bliss. The project is a joint effort of the U.S. Army, the DoD Chief Information Officer (CIO), and the Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)).

Partnership builds on decade-long relationship with 4-H to inspire young people's interest in STEM through engaging, high quality educational content

GERMANTOWN, Md., Nov. 14, 2024 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), today announced a partnership with National 4-H to provide local 4-H, Boys & Girls Clubs, Inc, and YMCA locations based in rural and underserved communities throughout America with STEM Challenge kits. These STEM Challenge kits include innovative hands-on STEM activities for youth looking to expand their knowledge beyond traditional STEM education.

ENGLEWOOD, Colo., Nov. 12, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three and nine months ended September 30, 2024.

Nine Months Ended September 30, 2024:

EchoStar reported total revenue of $11.86 billion for the nine months ended September 30, 2024, compared to $12.85 billion in the year ago period.Net loss attributable to EchoStar in the first three quarters of 2024 was $454.78 million, compared to net income of $327.83 million in the year-ago period. Diluted loss per share was $1.67, compared to earnings per share of $1.06 in the year-ago period.Consolidated OIBDA totaled $1.23 billion for the nine months ended September 30, 2024, compared to $1.69 billion in the year-ago period. (See OIBDA definition and non-GAAP reconciliation below.)

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 carriersOverwhelming 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 maturity profile through the extension of such debt maturities to November 2030Settlement of exchange offers results in EchoStar's issuance of approximately $2.3 billion in aggregate principal amount of its 6.75% Senior Spectrum Secured Exchange Notes due 2030 and approximately $1.9 billion in aggregate principal amount of its 3.875% Convertible Senior Spectrum Secured Notes due 2030Closing of new 10.75% Senior Spectrum Secured Notes due 2029 by EchoStar delivers $5.2 billion of fresh capital to balance sheet for investment in nationwide Open RAN 5G network and other general corporate purposesClosing of PIPE transaction delivers $400 million of incremental capital to balance sheet for general corporate purposes, including profitable customer acquisition and retention effortsDeployment of previously funded capital from secured financing facility from TPG Angelo Gordon and certain co-investors satisfies DDBS November 2024 maturity in full and clears DDBS debt maturity runway until July 2026

LITTLETON, Colo., Nov. 11, 2024 /PRNewswire/ -- Boost Mobile is launching its latest 5G smartphone, the Summit 5G, an exclusive Boost Mobile device offering customers lightning-fast 5G speeds, reliability and performance at an unbeatable price. The Summit 5G meets the growing demand for seamless mobile experiences, making 5G service more affordable than ever on Boost Mobile's nationwide 5G network.

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 "EchoStar Corporation Q3 2024 Earnings Conference Call."

ENGLEWOOD, Colo., Oct. 28, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), today announced that DISH DBS Corporation ("DBS") has amended certain terms of its previously announced offers to exchange (the "Exchange Offers") any and all of its (a) 5.25% Senior Secured Notes due 2026 (the "Outstanding 2026 DBS Secured Notes"), (b) 5.75% Senior Secured Notes due 2028 (the "Outstanding 2028 DBS Secured Notes"), (c) 7.75% Senior Notes due 2026 (the "Outstanding 2026 DBS Notes"), (d) 7.375% Senior Notes due 2028 (the "Outstanding 2028 DBS Notes") and (e) 5.125% Senior Notes due 2029 (the "Outstanding 2029 DBS Notes" and, together with the Outstanding 2026 DBS Secured Notes, the Outstanding 2028 DBS Secured Notes, the Outstanding 2026 DBS Notes and the Outstanding 2028 DBS Notes, the "Outstanding Notes") for an equal principal amount of new notes issued by DBS (the "New DBS Notes") that will be issued with substantially the same terms as the corresponding series of Outstanding Notes, including maturity, interest rate, interest payment dates and covenants, except for certain changes, including to facilitate the acquisition of the DISH Pay-TV Business by DIRECTV Holdings LLC, pursuant to an Equity Purchase Agreement (the "Purchase Agreement") between DIRECTV Holdings LLC ("Purchaser") and EchoStar (the "Acquisition Transaction"), such as that if the Acquisition Transaction is or will be consummated on or prior to the Outside Date (as defined in the Exchange Offering Memorandum), then immediately prior to the consummation of the Acquisition Transaction, such New DBS Notes will be acquired by Purchaser, an affiliate of the DTV Issuer, in a mandatory exchange, at the applicable exchange rate described in the table below (the "Mandatory Exchange Consideration"), with no further action by the holder of the New DBS Notes, for the applicable series of New DTV Issuer Notes set forth in the table below (the "New DTV Issuer Notes", and together with the New DBS Notes, the "New Notes"), in each case to be issued by DIRECTV Financing, LLC and DIRECTV Financing Co-Obligor, Inc. (together with DIRECTV Financing, LLC, the "DTV Issuer") with the terms set forth in the form of New DTV Issuer Notes Indentures included in the exchange offer memorandum and consent solicitation statement, dated September 30, 2024 (the "Original Exchange Offering Memorandum") (each such mandatory exchange, a "Mandatory Acquisition/Exchange" and collectively, the "Mandatory Acquisition/Exchanges", and the reduction in the principal amount of New DBS Notes resulting from the Mandatory Acquisition/Exchanges is herein referred to as the "Principal Reduction"). The Original Exchange Offering Memorandum has been supplemented by Supplement No. 1, dated October 28, 2024 (the "Supplement" and together with the Original Exchange Offering Memorandum, the "Exchange Offering Memorandum").

Hughes leading-edge technology is ready to transform IFEC for business jet market

GERMANTOWN, Md., Oct. 28, 2024 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), announced the Gogo Galileo HDX Electronically Steerable Antenna (ESA) built by Hughes has completed its test flight on a Bombardier Challenger 300. A commercial aviation variant will be available from Hughes in the first half of 2025, using the same flight-proven technology.

Recognized as a leading managed security service provider

GERMANTOWN, Md., Oct. 15, 2024 /PRNewswire/ -- Hughes Network Systems, an EchoStar company (Nasdaq: SATS), announced it was named the 2024 Managed Security Service Provider (MSSP) of the Year by CyberSecurity Breakthrough. The award recognized Hughes as a leading MSSP that provides businesses of all sizes with managed network and security solutions.

Launch of Exchange Offers Satisfies Key Milestone in Implementation of EchoStar's Balance Sheet Optimization Transactions and Increased Support from Existing Stakeholders Now Representing Over 90% of DISH's Approximately $5 Billion of Existing Convertible Notes Satisfies Minimum Tender Condition

ENGLEWOOD, Colo., Oct. 10, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technology, spectrum, engineering, manufacturing, networking services, television entertainment and connectivity, today announced that it has commenced offers to exchange (the "exchange offers") (i) any and all of the 0% Convertible Notes due 2025 (the "DISH Network 2025 Notes") issued by its subsidiary DISH Network Corporation ("DISH") and (ii) any and all of the 3.375% Convertible Notes due 2026 issued by DISH (the "DISH Network 2026 Notes," and together with the DISH Network 2025 Notes, the "Existing DISH Notes"), for the applicable principal amount of 6.75% Senior Secured Notes due 2030 (the "EchoStar Exchange Notes") and 3.875% Convertible Secured Notes due 2030 (the "EchoStar Convertible Notes" and together with the EchoStar Exchange Notes, the "EchoStar Notes") to be issued by EchoStar set forth in the table below, in each case, pursuant to the terms described in a preliminary prospectus and consent solicitation statement, dated October 10, 2024 (the "Preliminary Exchange Offer Prospectus").

Partnership Enables Satellite Coverage Across Europe, Facilitating Personal Connectivity and Addressing the Digital Divide in Remote and Off-Grid Regions

DUBLIN and COIMBRA, Portugal, Oct. 8, 2024 /PRNewswire/ -- EchoStar Mobile, a leader in satellite communications, and Connected, a startup dedicated to delivering universal, cost-effective narrowband connectivity from space, have announced a strategic partnership to revolutionize off-grid connectivity. This collaboration introduces Connected One, a cutting-edge IoT solution that leverages EchoStar's satellite technology to bridge connectivity gaps in remote and underserved regions, ensuring users stay connected and safe, even when venturing off the grid.

Agreement to sell DISH DBS to DIRECTV refocuses portfolio on growing wireless and satellite connectivity marketsRaises $5.1 billion of capital from existing stakeholders for investment in nationwide 5G Open RAN network and other general corporate purposes Funds near-term maturity and significantly reduces refinancing needs in the next 24-36 months Provides access to approximately $1.5 billion of DISH Pay-TV cash flow pending closing of DISH DBS sale1Conference call for EchoStar investors at 8:30 am ET Monday Sept 30th