SATS 3Q24 Quick Take: Results not great; two of three 747s have landed – Updated
We have updated this note for details published in the 10-Q. We have also updated the tables and charts and included them in this version. The biggest change from our initial take relates to ACP losses, which were much higher than expected. The company lost 359k ACP subs, or over 90% of the base they had at the end of 2Q24. This is worse than ACP retention seen at peers.EchoStar is a holding company. Through its subsidiaries, the company is a global provider of broadband satellite technologies, broadband internet services for home and small office customers, satellite operations and satellite services. The company operates in two business segments: Hughes, which provides broadband satellite technologies and broadband internet services and broadband network technologies, managed services, equipment, hardware, satellite services and communications solutions; and EchoStar Satellite Services, which uses certain of the company's owned and leased in-orbit satellites and related licenses to provide satellite service operations and satellite services.
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- Pan European Telecom Services and Cable
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- Pan European Telecom Services and Cable
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