EchoStar Corporation
Market Cap
25B
Short interest (Jul 15)
10.7%
Net Short (Jul 27 ): 0.0%
Borrow Fee
0.30%
↓ 24.0%
Available Shares
2M
↓ 1.7%
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Company Overview
Satellite television provides the bulk of EchoStar's revenue. The firm serves about 5 million US satellite customers, about 10% of the traditional television market. It also serves 2 million customers under the Sling brand. EchoStar has also amassed an extensive portfolio of spectrum licenses. It acquired Sprint's prepaid business, serving approximately 7 million customers, primarily under the Boost brand. The firm has agreed to sell a portion of its wireless licenses to AT&T and SpaceX, and will rely heavily on the AT&T network to serve customers. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 700,000 internet customers.
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