US EditionEchoStar to Spend $5 Billion on New Satellite Constellation
MONTREAL, CANADA, AUG 1 – EchoStar's $1.3 billion contract with MDA Space will produce over 100 5G low Earth orbit satellites enabling global direct-to-device services by 2029, supporting U.S. leadership in space connectivity.
- On Friday, EchoStar named Canadian satellite developer MDA Space Ltd. as the prime contractor for a US$1.3 billion deal to produce over 100 satellites.
- Last year, EchoStar mentioned plans for satellite-to-phone services, and despite an FCC probe, it is developing its own system to compete with Starlink, which launched last week through T-Mobile.
- According to EchoStar, the constellation enables global talk, text and broadband services to standard 5G devices, with satellites designed, manufactured, and tested at MDA’s Montreal facility for delivery in 2028 and service in 2029.
- Market reaction saw MDA Space Ltd. shares rise 18.4% and EchoStar’s stock fall 17.4% on Friday.
- With additional options, the contract could grow to US$2.5 billion for over 200 satellites, marking MDA Space’s fourth LEO contract in just over three years.
17 Articles
17 Articles
EchoStar orders initial MDA satellites for $5 billion LEO constellation
EchoStar has placed a $1.3 billion order with MDA Space for the first 100 satellites of a $5 billion direct-to-device connectivity constellation, even as regulatory scrutiny of the company’s spectrum licenses threatens to push it into bankruptcy.
EchoStar to spend $5 billion on new satellite constellation
On Friday, EchoStar announced it inked a $1.3 billion initial contract with Canadian MDA Space Ltd. to design, build and test the first batch of over 100 new direct-to-device satellites slated for launch to low earth orbit.
PR Newswire
ECHOSTAR SELECTS MDA SPACE FOR WORLD'S FIRST OPEN RAN BROADBAND NTN LEO CONSTELLATION
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...
EchoStar teams up with MDA Space for LEO satellite plans
News EchoStar has taken another critical step towards plans to launch a new constellation of low Earth orbit satellites by 2029. By: Brad Randall, Broadband Communities MDA Space has been selected as the prime contractor for EchoStar’s low-Earth orbit (LEO) satellite constellation, which has an estimated price tag of $5 billion. Colorado-based EchoStar announced the decision to land with MDA Space for an initial contract, valued at approximately…
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