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    Adam Rhodes • Octus

    Adam Rhodes's questions to EchoStar Corp (SATS) leadership

    Adam Rhodes's questions to EchoStar Corp (SATS) leadership • Q1 2025

    Question

    Adam Rhodes of Optus asked how EchoStar's unique position as a combined operator of terrestrial and satellite networks differentiates and benefits its direct-to-device strategy compared to others in the space.

    Answer

    CEO Hamid Akhavan detailed EchoStar's key advantages, including owning the necessary S-band and AWS-4 spectrum, having in-house satellite manufacturing and operations via Hughes, and operating a 5G ORAN network. He emphasized their strategy is to time their satellite launches with the availability of standard, 3GPP-compliant handsets to maximize the business case. He argued this patient, standards-based approach ensures they will not miss the true market opportunity, unlike others who may launch proprietary or premature solutions.

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    Adam Rhodes's questions to EchoStar Corp (SATS) leadership • Q4 2024

    Question

    Adam Rhodes asked about EchoStar's approach to the upcoming AWS-3 spectrum re-auction and whether the company might use the additional secured note capacity from a recent spectrum appraisal to fund its participation.

    Answer

    President and CEO Hamid Akhavan confirmed EchoStar supports the auction, plans to participate, and views the spectrum as highly valuable. Paul Orban, EVP and PFO, acknowledged the company has an additional $2.9 billion in first-lien capacity and will be opportunistic, noting they are currently 'flushed with cash' but have multiple financing levers available if needed.

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