LA PLATA, Maryland — EchoStar Corp. Chief Executive Hamid Akhavan has consistently said satellite direct-to-device (D2D) is a huge opportunity that will go beyond messaging to broadband delivery but will take an investment that EchoStar could not provide.
Following a series of financial transactions in late 2024, EchoStar remains highly leveraged but now has $5.7 billion in cash as of Dec. 31. The company reported $26.6 billion in total debt.
In a Feb. 27 investor call, Akhavan said he wants to put that money . . .
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