EchoStar's (SATS) Hughes JUPITER System Deployed by RCSC
EchoStar Corporation SATS recently announced that Kazakhstan-based Republican Center of Space Communication (“RCSC”) is using the Hughes JUPITER System ground platform to boost digitalization in the country.
EchoStar’s subsidiary Hughes Network Systems, LLC will supply JUPITER System equipment to more than 200 villages across Kazakhstan. This will facilitate smooth access of broadband internet connectivity and e-Government services through the government’s Digital Kazakhstan initiative.
Hughes Network offers broadband equipment and services, managed services (including software-defined networking) coupled with end-to-end network operation for clients including businesses, governments and airlines, globally.
EchoStar Corporation Price and Consensus
EchoStar Corporation price-consensus-chart | EchoStar Corporation Quote
JUPITER System is a VSAT (Very Small Aperture Terminal) platform for broadband services over both high-throughput and traditional satellites.
Hughes Network highlighted that JUPITER System connects more than 25 million people across over 50,000 hotspots worldwide.
JUPITER System offers operators with relatively better bandwidth and cost efficiencies compared with other satellite ground systems, added Hughes Network. The system features software-defined architecture, 5G-ready design and a cloud-powered network management. It powers various satellite applications including internet access, community Wi-Fi, cellular backhaul and aeronautical and maritime mobility.
JUPITER System is now in its third generation or Series 3. The EchoStar XXIV satellite, better known as Jupiter 3, commenced service in December 2023.
In the last reported quarter, SATS reported total revenues of $4.16 billion, down from $4.53 billion in the year-ago quarter. The downtick was primarily due to a decline in subscribers, particularly the Pay-TV segment.
Currently, EchoStar carries a Zacks Rank #3 (Hold). Shares of SATS have lost 16.7% in the past year compared with the sub-industry’s decline of 43.3%.
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Stocks to Consider
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