US-based communication and satellite company EchoStar (ECHO.US) received a much-needed cash infusion after completing a deal to sell spectrum with almost 85,000 prepaid customers in Puerto Rico and Virgin Islands to Liberty Latin America in valued at $225 million deal (annual installments). The first $95 million were paid yesterday, after the announcement. Liberty Latin America will fund the deal by liquidity sources including cash and credit facilities.
- The company bought more than 100MHz of Echostar spectrum, along with the opportunity “to drive fixed-mobile convergence penetration from current levels of around 25 percent”. As for now, Echostar stays on a very high debt-pile, needing to pay off $2 billion in debt maturity by 24 November.
- Wireless and Broadband company sectors are dragging the business down, while the company is in the search to monetize other business segments, as well as licenses worth appx. $20 billion. The stock is up more than 30% this year, as investors see rising chances for the company profitability - if it will not go bankrupt.
Echostar (SATS.US), W1 interval
Echostar gains almost 12% today, rising above SMA200 on a weekly interval time frame, potentially reversing the downward trend.
Source: xStation5
نتائج ASML تخيب الآمال بشأن الإيرادات لكنها تحقق أرباحاً أقوى وترفع توقعاتها 🍳 ما هي الخطوة التالية لقطاع الذكاء الاصطناعي؟
ملخص يومي: انطلاق موسم إعلانات الأرباح في وول ستريت وسط مشاعر متباينة
تسعى "سبيس إكس" لتسيير رحلات لمركبة "ستار شيب" بشكل شبه يومي، وتُراهن إمبراطورية إيلون ماسك التجارية على هذا الأمر.
"مايكرون" توسّع نطاق إعادة شراء الأسهم ليصل إلى 35 مليار دولار!