Reports Q4 revenue $4.16B, consensus $3.89B. “We closed the year with the completion of the merger with DISH Network. The transaction combined DISH Network’s satellite technology, streaming services, engineering expertise, retail wireless business, and nationwide 5G network with EchoStar’s premier satellite communications solutions, enterprise go-to-market capabilities, and U.S.-based manufacturing. Collectively, it creates a global leader in terrestrial and non-terrestrial wireless connectivity, and entertainment services,” said Hamid Akhavan, president and CEO, EchoStar Corporation. “With the close of the merger, we will continue to integrate our business and realize savings and operational efficiencies. We also will increase our focus on identifying and targeting the best, most profitable customers in each of our addressable market segments – Pay-TV, Retail Wireless, and Broadband and Satellite Services.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SATS:
- EchoStar Announces Financial Results for the Three and Twelve Months Ended December 31, 2023
- EchoStar’s Hughes awarded contract from SES Space & Defense
- SATS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- DISH Media partners with PubMatic to accelerate demand for SLING TV
- EchoStar put volume heavy and directionally bearish