Walter Piecyk

Bryan Kraft

Jonathan Chaplin

Ric Prentiss

Adam Rhodes

Benjamin Swinburne

Michael Rollins

Samuel McHugh

Christopher Quilty

Craig Moffett

Marlane Pereiro

Rick Prentiss

Sam McHugh

Sebastiano Petti

Timothy Horan

- **Hughes Network Systems**, an EchoStar company, **acquired Anderson Connectivity** on **October 22, 2025**.  **[1415404_20251022LA03530:0]** 
- This acquisition significantly **expands Hughes' capabilities** in design, engineering, and manufacturing services, positioning the company for **accelerated growth in the global aviation, space, and defense markets**.  **[1415404_20251022LA03530:0]** 
- **Brian Anderson**, founder of Anderson Connectivity, will join Hughes as Vice President, Aviation Technology & Innovation Officer, and the **Melbourne, Florida facility** will become a cornerstone for aviation innovation and rapid product development.  **[1415404_20251022LA03530:0]**

EchoStar's Hughes Acquires Anderson Connectivity

- EchoStar was compelled to pivot its business strategy in **May** due to an unexpected **FCC letter** questioning its spectrum rights, leading to a shift from an infrastructure-heavy to an **asset-light growth company**.  **[1415404_2144720_1]** **[1415404_2144720_2]** 
- The company executed two significant transactions: selling 600 MHz and 3.45 GHz spectrum to **AT&T**, and its AWS-4, hBlock, and global S-band rights to **SpaceX** for a total of **$17 billion**, split as **$8.5 billion in cash** and **$8.5 billion in SpaceX equity**, plus an additional **$2 billion** for interest expenses.  **[1415404_2144720_1]** 
- Following these transactions, EchoStar's pro forma capital structure includes **$24 billion in total cash**, **$13 billion in total debt**, and **$8.5 billion in SpaceX equity**.  **[1415404_2144720_3]** 
- The company plans to leverage AT&T's infrastructure and SpaceX's direct-to-satellite system for **Boost Mobile**, continue growth in **DISH and Sling** video services, and reposition **Hughes** towards enterprise resilient connectivity, with **$1.8 billion** in aero business backlog.  **[1415404_2144720_4]** **[1415404_2144720_5]** **[1415404_2144720_6]**

EchoStar Outlines Strategic Pivot Following Spectrum Divestitures

- EchoStar completed significant transactions, including a **$22.65 billion** deal with AT&T for spectrum licenses and a **$17 billion** deal with SpaceX for AWS-4 and H-block spectrum licenses, with **$8.5 billion** of the SpaceX deal paid in equity.  **[1415404_2143912:1]** 
- The company is undergoing a strategic shift from an "Asset-Rich, Capital Constrained Operator to Asset-Light Growth Investment," focusing on risk-balanced, tax-optimized total shareholder return.  **[1415404_2143912:2]** 
- The SpaceX transaction also includes SpaceX developing next-generation Starlink Direct-to-Cell satellites, offering favorable technical and financial terms for Boost Mobile.  **[1415404_2143912:1]** 
- EchoStar's post-transaction profile includes a diversified portfolio of operating business units and a scaled subscriber base, with **7.4 million** Hughes subscribers and **5.3 million** DISH TV subscribers.  **[1415404_2143912:1]** **[1415404_2143912:2]**

EchoStar Details Recent Transactions and Strategic Shift

EchoStar (SATS)