PARIS — EchoStar Chairman Charlie Ergen asked the company’s long-suffering investors to view incoming Chief Executive Hamid Akhavan as a Clint Eastwood figure, riding to the rescue of hardworking but somewhat directionless townsfolk and giving them as clear strategic mission.
That might seem unfair to a company whose main revenue driver, Hughes Network Systems, reported a 9% increase in adjusted EBITDA in 2021, for a 40% margin on revenue of $1.96 billion, which was up 5% over 2020.
But it is true that . . .
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