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ECHOSTAR SELECTS MDA SPACE FOR WORLD'S FIRST OPEN RAN BROADBAND NTN LEO CONSTELLATION

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EchoStar Corporation (NASDAQ:SATS) has selected MDA Space as the prime contractor for its groundbreaking $5 billion LEO satellite constellation project. The initial contract, valued at $1.3 billion, includes the design and manufacturing of over 100 software-defined MDA AURORA� D2D satellites, with plans to expand to 200 satellites initially and potentially thousands in the future.

The constellation will provide global talk, text, and broadband services directly to standard 5G NTN devices, covering all 350 million Americans and over 7 billion people globally. EchoStar has invested over $18 billion in NTN satellite connectivity since 2012, including significant spectrum acquisitions in the 2GHz band across multiple countries.

Commercial service is scheduled to begin in 2029, with satellite delivery planned for 2028. The system will utilize up to 25x20 MHz of AWS-4/S-band 2GHz frequencies and will be fully compliant with 3GPP NTN standards.

EchoStar Corporation (NASDAQ:SATS) ha scelto MDA Space come appaltatore principale per il suo innovativo progetto di costellazione satellitare LEO da 5 miliardi di dollari. Il contratto iniziale, del valore di 1,3 miliardi di dollari, comprende la progettazione e la produzione di oltre 100 satelliti software-defined MDA AURORA� D2D, con piani di espansione fino a 200 satelliti inizialmente e potenzialmente migliaia in futuro.

La costellazione offrirà servizi globali di chiamata, messaggistica e banda larga direttamente a dispositivi standard 5G NTN, coprendo tutti i 350 milioni di americani e oltre 7 miliardi di persone nel mondo. EchoStar ha investito oltre 18 miliardi di dollari nella connettività satellitare NTN dal 2012, inclusi importanti acquisti di spettro nella banda 2 GHz in diversi paesi.

Il servizio commerciale è previsto per il 2029, con la consegna dei satelliti programmata per il 2028. Il sistema utilizzerà fino a 25x20 MHz di frequenze AWS-4/S-band a 2 GHz e sarà pienamente conforme agli standard NTN 3GPP.

EchoStar Corporation (NASDAQ:SATS) ha seleccionado a MDA Space como contratista principal para su innovador proyecto de constelación de satélites LEO de 5 mil millones de dólares. El contrato inicial, valorado en 1.3 mil millones de dólares, incluye el diseño y fabricación de más de 100 satélites definidos por software MDA AURORA� D2D, con planes de expandirse inicialmente a 200 satélites y potencialmente a miles en el futuro.

La constelación proporcionará servicios globales de llamadas, mensajes y banda ancha directamente a dispositivos estándar 5G NTN, cubriendo a los 350 millones de estadounidenses y a más de 7 mil millones de personas en todo el mundo. EchoStar ha invertido más de 18 mil millones de dólares en conectividad satelital NTN desde 2012, incluyendo adquisiciones significativas de espectro en la banda de 2 GHz en varios países.

El servicio comercial está programado para comenzar en 2029, con la entrega de satélites prevista para 2028. El sistema utilizará hasta 25x20 MHz de frecuencias AWS-4/banda S de 2 GHz y cumplirá completamente con los estándares NTN de 3GPP.

EchoStar Corporation (NASDAQ:SATS)ëŠ� í˜ì‹ ì ì¸ 50ì–� 달러 규모ì� LEO 위성 별ìžë¦� 프로ì íЏì� ì£� 계약ìžë¡œ MDA Spaceë¥� 선정했습니다. 초기 ê³„ì•½ì€ 13ì–� 달러 규모ë¡�, 100대 ì´ìƒì� 소프트웨ì–� ì •ì˜ MDA AURORAâ„� D2D 위성 설계 ë°� 제조ë¥� í¬í•¨í•˜ë©°, 초기ì—는 200대, 장기ì ìœ¼ë¡œëŠ” 수천 대ë¡� 확장í•� 계íšìž…니ë‹�.

ì� 별ìžë¦¬ëŠ” ì � 세계 3ì–� 5천만 미국ì¸ê³¼ 70ì–� ì´ìƒì� ì¸êµ¬ë¥� 대ìƒìœ¼ë¡� 표준 5G NTN 기기ì—� ì§ì ‘ ìŒì„±, ë¬¸ìž ë°� 광대ì—� 서비스를 제공합니ë‹�. EchoStarëŠ� 2012ë…� ì´í›„ NTN 위성 ì—°ê²°ì—� 180ì–� 달러 ì´ìƒì� 투ìží–ˆìœ¼ë©�, 여러 êµ­ê°€ì—서 2GHz 대ì—� 스펙트럼ì� 대규모ë¡� 확보했습니다.

ìƒì—… 서비스는 2029ÔÆ� 개시 예정ì´ë©°, 위성 ë‚©í’ˆì€ 2028년으ë¡� 계íšë˜ì–´ 있습니다. ì‹œìŠ¤í…œì€ ìµœëŒ€ 25x20 MHzì� AWS-4/S-밴드 2GHz 주파수를 사용하며, 3GPP NTN 표준ì� 완벽íž� 준수합니다.

EchoStar Corporation (NASDAQ:SATS) a choisi MDA Space comme entrepreneur principal pour son projet révolutionnaire de constellation de satellites LEO d'une valeur de 5 milliards de dollars. Le contrat initial, d'une valeur de 1,3 milliard de dollars, comprend la conception et la fabrication de plus de 100 satellites MDA AURORA� D2D définis par logiciel, avec des plans d'expansion à 200 satellites dans un premier temps, et potentiellement des milliers à l'avenir.

La constellation fournira des services mondiaux de voix, de texte et de haut débit directement aux appareils 5G NTN standards, couvrant les 350 millions d'Américains et plus de 7 milliards de personnes dans le monde. EchoStar a investi plus de 18 milliards de dollars dans la connectivité satellite NTN depuis 2012, incluant d'importantes acquisitions de spectre dans la bande 2 GHz dans plusieurs pays.

Le service commercial est prévu pour 2029, avec une livraison des satellites planifiée pour 2028. Le système utilisera jusqu'à 25x20 MHz de fréquences AWS-4/bande S à 2 GHz et sera entièrement conforme aux normes NTN 3GPP.

EchoStar Corporation (NASDAQ:SATS) hat MDA Space als Hauptauftragnehmer für sein bahnbrechendes 5-Milliarden-Dollar-LEO-Satellitenkonstellationsprojekt ausgewählt. Der Anfangsvertrag im Wert von 1,3 Milliarden Dollar umfasst das Design und die Herstellung von über 100 softwaredefinierten MDA AURORA� D2D-Satelliten, mit Plänen, zunächst auf 200 Satelliten zu erweitern und in Zukunft möglicherweise Tausende.

Die Konstellation wird weltweit Sprach-, Text- und Breitbanddienste direkt an Standard-5G-NTN-Geräte liefern und dabei alle 350 Millionen Amerikaner sowie über 7 Milliarden Menschen weltweit abdecken. EchoStar hat seit 2012 über 18 Milliarden Dollar in NTN-Satellitenkonnektivität investiert, einschließlich bedeutender Spektrumserwerbe im 2-GHz-Band in mehreren Ländern.

Der kommerzielle Dienst soll 2029 starten, die Satellitenlieferung ist für 2028 geplant. Das System wird bis zu 25x20 MHz AWS-4/S-Band 2-GHz-Frequenzen nutzen und vollständig den 3GPP-NTN-Standards entsprechen.

Positive
  • None.
Negative
  • Significant capital requirement of $5 billion for the LEO project
  • Extended timeline to commercial service launch in 2029
  • High accumulated investment of $18 billion in NTN connectivity since 2012 increases financial exposure
  • Potential execution risks in satellite manufacturing and deployment schedule

Insights

EchoStar's $5B LEO satellite constellation represents a major strategic expansion in the competitive direct-to-device connectivity market with significant long-term potential.

EchoStar's announcement marks a significant strategic move in the rapidly evolving satellite communications sector. The company has selected MDA Space to build what they're positioning as the world's first Open RAN broadband NTN LEO constellation, with an initial contract valued at $1.3 billion for over 100 satellites and a total project cost of $5 billion. This represents a major capital commitment that increases EchoStar's total investment in non-terrestrial network satellite connectivity to over $18 billion since 2012.

The technical specifications reveal ambitious scope - the constellation will ultimately comprise 200 satellites (expandable to thousands), utilize up to 25×20 MHz of AWS-4/S-band 2GHz frequencies, and aims to provide global coverage to over 7 billion people including all 350 million Americans. The system architecture leverages EchoStar's spectrum holdings across multiple regions (United States, Europe, Canada, Mexico, and Brazil) and will be fully compliant with 3GPP NTN standards, enabling direct connectivity to standard 5G devices without modifications.

What makes this initiative particularly noteworthy is EchoStar's vertical integration approach. The company is combining its Hughes communications satellite expertise with its U.S.-based terrestrial 5G Open RAN network capabilities. This positions EchoStar to potentially achieve significant operational synergies while differentiating from competitors who may lack either the spectrum rights or integrated terrestrial infrastructure. The company's mention of its spectrum having "the highest ITU priority" suggests they believe they have regulatory advantages in this space.

While the timeline indicates satellite delivery by 2028 and commercial service by 2029, EchoStar is already launching preliminary services using existing infrastructure - texting services in Europe now and similar services in North America by early 2026. These intermediate steps could provide valuable operational experience and early revenue opportunities as the LEO constellation is developed.

The $5 billion investment EchoStar is making in this LEO constellation represents a major strategic bet on the direct-to-device market that could fundamentally reshape the company's growth trajectory. This follows significant historical investments, with EchoStar having deployed over $13 billion since 2012 in acquiring 2GHz spectrum assets and developing their NTN capabilities. The initial $1.3 billion contract with MDA Space for the first tranche of satellites indicates a measured deployment approach that could help manage financial risk.

From a competitive standpoint, EchoStar is positioning itself against emerging satellite-to-phone providers like AST SpaceMobile and Starlink with several potential advantages. Their extensive spectrum holdings across multiple key markets (U.S., Europe, Canada, Mexico, Brazil) combined with their integrated terrestrial 5G Open RAN network create infrastructure synergies that pure-play satellite operators lack. By targeting compatibility with standard 5G NTN devices rather than requiring specialized hardware, they're addressing a significantly larger potential market.

The business model appears focused on serving multiple revenue streams across consumer, enterprise, public safety, and government sectors - diversification that could provide resilience against market-specific challenges. The phased deployment schedule with preliminary services launching years before the full constellation indicates a thoughtful approach to revenue generation during the capital-intensive buildout phase.

Financial prudence is suggested by the modular expansion design - starting with 200 satellites while engineering the capability to scale to thousands as demand requires. This optionality preserves capital while allowing EchoStar to respond to market conditions. The long development timeline (commercial service in 2029) creates execution risk, but the company's six decades of satellite expertise somewhat mitigates concerns about their technical capabilities.

For investors, this announcement represents a clear strategic direction that leverages EchoStar's existing assets while positioning for emerging opportunities in the direct-to-device market. The substantial capital commitment indicates management's confidence in the long-term potential of this sector.

The new satellite network will enable a wide range of services to consumers, enterprises and governments across the globe, ensuring U.S. leadership in direct to device (D2D) connectivity and the space economy

The wideband LEO constellation will cover all 350 million Americans including Alaska and Hawaii and over 7 billion additional people globally

Estimated total cost of EchoStar's LEO constellation is $5 billion, increasing the company's total investment in NTN satellite connectivity to over $18 billion since 2012

ENGLEWOOD, Colo., Aug. 1, 2025 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS), a global communications and connectivity provider, selected MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, as the prime contractor for EchoStar's new non-terrestrial network (NTN) low Earth orbit (LEO) direct-to-device (D2D) satellite constellation. The initial contract, valued at approximately $1.3 billion (approx. C$1.8 billion) includes the design, manufacturing and testing of the first tranche of over 100 software-defined MDA AURORA� D2D satellites.i The full initial configuration of the system consists of 200 satellites with future growth to thousands, as demand requires. EchoStar's LEO constellation will provide global talk, text and broadband services directly to standard 5G NTN handheld devices.

"EchoStar's Hughes communications division has over 60 years of leadership in the satellite and space technology business. Our satellite expertise combined with our U.S.-based terrestrial 5G Open RAN network uniquely positions EchoStar to execute on this new large-scale wideband LEO constellation," said Hamid Akhavan, president & CEO of EchoStar. "The market-leading technical innovation provided by MDA Space along with our global S-band/2GHz spectrum rights with the highest ITU priority, and our strong service delivery capabilities will enable us to serve the consumer, enterprise, public safety and government sectors in the U.S., Europe and beyond. Critically, this will foster U.S. leadership in the growing space economy."

"EchoStar's selection of our new MDA AURORAâ„�ÌýD2D software-defined satellites to meet its demanding technical and business requirements is a testament to the confidence satellite operators have in our deep expertise and products, our differentiated MDA AURORAâ„¢Ìýproduct, and our expanding production capacity," said Mike Greenley, CEO of MDA Space. "This contract also demonstrates our continued market momentum as we strategically position MDA Space to be the prime contractor of choice for satellite operators in the direct-to-device and broadband connectivity."

Since 2012, EchoStar has invested well over $13 billion in the 2GHz band with the acquisition of DBSD and TerreStar, who held 2GHz FCC licenses as well as three S-band GEO satellites (one of which required expensive retrofitting). Since then, EchoStar has led the efforts to standardize the 2GHz band at 3GPP for 5G and to develop the NTN 3GPP standards. EchoStar's investment includes the acquisition, integration, deployment and operation of the 2GHz band (including the adjacent H-Block) as part of its virtualized cloud-native standalone 5G Open RAN network in the United States as well as the recent launch of three NGSO 2GHz satellites (Lyra), ground station equipment and other related activities.ÌýAll of this investment goes to EchoStar's vision of a global D2D service seamlessly integrated with terrestrial connectivity to everyone.

Today, EchoStar holds exclusive licenses in the 2GHz band in the United States (AWS-4) and is authorized to provide MSS services via satellite over this spectrum. It also holds 30 MHz of 2GHz licenses in Europe; 40 MHz in Canada through a long-term partnership; 20 MHz in Mexico; and 30 MHz in Brazil. EchoStar has already begun delivering texting service in Europe using 2GHz. In North America with its existing GEO satellites, EchoStar will launch a similar service in the first half of 2026.Ìý

The new LEO constellation satellites will be designed, manufactured and tested at the MDA Space satellite facility. The constellation will utilize up to 25x20 MHz of AWS-4/S-band 2GHz frequencies, and will be fully compliant with the newly created NTN and 3GPP standards, allowing EchoStar to provide messaging, voice, broadband data, and video services upon launch to all devices with the current 3GPP NTN specifications without modifications. Additionally, the constellation will connect to an array of sensor and mobile vehicles.

Delivery of satellites is planned for 2028 with commercial service starting in 2029. The new LEO project, in total, is estimated to cost $5 billion.

About EchoStar Corporation

EchoStar Corporation (Nasdaq: SATS) is a premier provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesONâ„�, and JUPITERâ„� brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary and in Australia, the company operates as EchoStar Global Australia. For more information, visitÌý·É·É·É.±ð³¦³ó´Ç²õ³Ù²¹°ù.³¦´Ç³¾ and follow EchoStar on X (Twitter) and LinkedIn.

©2025 EchoStar, Hughes, HughesNet, DISH and Boost Mobile are registered trademarks of one or more affiliate companies of EchoStar Corp.

i

EchoStar intends to purchase over 200 MDA AURORAâ„�Ìýsatellites from MDA Space for an approximate value of $2.5 billion (approx. C$3.5 billion).

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SOURCE EchoStar Corporation

FAQ

What is the total cost of EchoStar's (NASDAQ:SATS) new LEO constellation project?

The total estimated cost of EchoStar's LEO constellation project is $5 billion, with an initial contract of $1.3 billion awarded to MDA Space.

When will EchoStar's (NASDAQ:SATS) LEO satellite constellation begin commercial service?

EchoStar plans to begin commercial service in 2029, following satellite delivery in 2028.

How many satellites will be included in EchoStar's (NASDAQ:SATS) LEO constellation?

The initial configuration will include 200 satellites, with the first tranche consisting of over 100 satellites. The system is designed to scale to thousands of satellites as demand requires.

What spectrum rights does EchoStar (NASDAQ:SATS) hold for its satellite network?

EchoStar holds exclusive 2GHz band licenses in the United States (AWS-4), 30 MHz in Europe, 40 MHz in Canada, 20 MHz in Mexico, and 30 MHz in Brazil.

How many people will EchoStar's (NASDAQ:SATS) LEO constellation cover?

The constellation will cover all 350 million Americans including Alaska and Hawaii, plus over 7 billion additional people globally.
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