Globalstar is borrowing $199 million through a loan arranged by its controlling shareholder Thermo and fleet operator EchoStar.
EchoStar has ordered two tiny S-band satellites from Tyvak Nano-Satellite Systems to jumpstart a low-Earth-orbit constellation using spectrum gained through its October acquisition of IoT startup Helios Wire.
The sale includes nine satellites — half of EchoStar’s fleet when counting leased payloads — plus employees who handled satellite operations, associated properties, and licensing for an orbital slot.
Tarana Wireless has raised $200 million in total from investors that include AT&T, Deutsche Telekom and Wyler’s 1010 Holdings, LLC.
EchoStar wishes it ordered its latest satellite, Jupiter-3, sooner than it did, but won’t seek to play catch up by buying another copy of the satellite in order to meet surging demand for broadband connectivity, executives said Feb. 21.
Kaul says Hughes' entrance into Africa with Yahsat gives it a head start over Viasat, which has similarly expanded first into Latin America while also having eyes on Africa and the globe.
Emirati satellite fleet operator Yahsat and Echostar’s Hughes Network Systems are seeking regulatory approval for a joint venture to offer ka-band broadband service in Africa, the Middle East and southwest Asia.
EchoStar’s Charlie Ergen: Inmarsat bid refusal a disappointment, industry needs scale and broadband is the future
EchoStar Chairman Charlie Ergen said analyst missed synergies apparent in an EchoStar-Inmarsat merger, and that the satellite industry needs bigger players to tackle the mammoth global need for connectivity as satellite operator strength shifts from television to broadband.
EchoStar is not raising a new competitor by investing in and building technology for OneWeb’s low-Earth orbit constellation, a company executive said Nov. 10.
SpaceX completed its third launch with a previously used first stage booster Oct. 11, carrying a geostationary satellite for customers EchoStar and SES.
An EchoStar satellite that stopped obeying commands this summer has since been boosted into a graveyard orbit some 350 kilometers above the geostationary belt, EchoStar said Sept. 6.
SpaceX intends to launch EchoStar-105/SES-11 on a partially reused Falcon 9 rocket no earlier than October, the company said today.