5:39 PM · 5 September 2024

Echostar gains 12% near 13-month highs after Liberty Latin America deal

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

26 August 2026, 3:10 PM

US OPEN: Oil reverses declines despite Trump's assurances, while Wall Street awaits Nvidia's judgment report

26 August 2026, 2:10 PM

Nvidia Preview: An Ordinary Beat Will Be a Disappointment

26 August 2026, 12:30 PM

Market wrap: Market without direction before PCE

26 August 2026, 8:57 AM

Chinese Company Challenges Samsung and SK hynix, But It Still Has a Long Way to Go

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits