Echostar Corporation
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| Public | |
| Traded as | NASDAQ: SATS |
| Industry | Telecommunication |
| Founded | 1980 |
| Headquarters | Englewood, Colorado, United States |
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Key people
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| Products | Satellite Services |
| Revenue |
 US$3.056 billion (2016) |
 US$364.4 million (2016) |
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US$179.9 million (2016) |
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| Total assets |
US$9.008 billion (2016) |
| Total equity |
US$3.920 billion (2016) |
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Number of employees
|
2000 Q4 (Dec '16) |
| Subsidiaries | Hughes Network Systems |
| Website | www.echostar.com |
EchoStar Corporation is a premier global provider of satellite communication solutions through its Hughes Network Systems and EchoStar Satellite Services business segments. It is the owner and operator of the satellite fleet for closely affiliated DISH.
Prior to the complete of a transaction with DISH on March 1, 2017, the company also designed and manufactured set-top boxes for DISH, Bell TV in Canada, and to receive the Freeview broadcasts in the United Kingdom. It also owned Sling Media, which designs and builds the Slingbox TV streaming device. Prior to 2008, it operated the Dish Network service brand, which was spun off as DISH on January 1, 2008.
EchoStar was originally formed in 1980 by its chairman Charles Ergen as a distributor of C band TV systems. In 1987, it applied for a direct broadcast satellite (DBS) license with the Federal Communications Commission and was granted access to orbital slot 119° west longitude in 1992.
On December 28, 1995, the firm successfully launched its first satellite, EchoStar I. On March 4, 1996, it established the Dish Network brand name to market its home satellite TV system.
In 1998, EchoStar purchased the broadcasting assets of a satellite broadcasting joint venture of News Corporation's ASkyB and MCI Worldcom. With this purchase the firm obtained 28 of the 32 transponder licenses in the 110° W orbital slot, more than doubling existing CONUS broadcasting capacity at a value of $682.5 million. The acquisition inspired the company to introduce a multi-satellite system called DISH 500, theoretically capable of receiving more than 500 channels on one dish.
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Wikipedia