SATS 3Q24 Quick Take: Results okay; two of three 747s have landed
The operating trends were mostly worse than expected, though we won’t have full visibility until the EchoStar 10-Q is filed (and we won’t have complete visibility until the DBS 10-Q is filed in about a week). Wireless net adds excluding ACP were strong. The cash balance excluding the financing from TPG was lower than we expected, but the new financing closed this morning, which will render any concerns about that moot.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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