EchoStar Corporation

“Tableau, now integrated with Data Cloud and Agentforce on the Salesforce core platform will transform how customers like EchoStar, Goosehead Insurance, and Keller Williams Realty take action on their data.”

EchoStar is cited as a Tableau customer poised to use the newly integrated Data Cloud/Agentforce analytics stack.

“This includes our agreements to acquire spectrum licenses from EchoStar, and fiber assets from Lumen.”

AT&T agreed to acquire spectrum licenses from EchoStar, expanding its 5G/fixed-wireless capacity; the deal is expected to close early 2026.

“After DISH defaulted on its payment obligations back in January, Crown Castle exercised its right to terminate the agreement.”

Crown Castle's tower customer DISH (Dish Wireless, an EchoStar entity) defaulted on payments; Crown Castle terminated the agreement and is seeking to recover over $3.5B, a strongly negative read-through on DISH/EchoStar's financial position.

“that's why we walked away from things like the EchoStar We fundamentally believed it was too expensive.”

T-Mobile declined to buy EchoStar spectrum on a build-versus-buy basis, judging it too expensive, a read-through on demand/valuation for EchoStar's spectrum assets.

“Results for the quarter were in line with our estimates, even with higher-than-forecasted bad debt expenses related to EchoStar.”

SBA recorded higher-than-forecast bad debt tied to EchoStar and removed all future recurring EchoStar revenue from its outlook while pursuing legal recovery, signaling EchoStar payment/credit distress.

“And then finally, the EchoStar question that you asked, look, we have a good agreement in place. It runs through 02/1936. And the bottom line is we expect to be paid for the terms of the agreement.”

Crown Castle expects to be paid the full contractual terms of its tower lease (DISH/Boost, ~5% of tower revenue) with EchoStar, whose network buildout plans remain uncertain.

“The EchoStar spectrum we agreed to acquire will improve our 5G wireless performance in a cost-efficient manner while allowing us to grow Internet Air at a faster pace.”

AT&T is acquiring spectrum licenses from EchoStar, a material asset sale that provides EchoStar cash while boosting AT&T's 5G and fixed-wireless capacity.

“you'll see that we did receive a letter from DISH saying that they believe they're excused from making payments under the MLA based on the spectrum sale. We disagree with that. And in fact, we filed suit.”

EchoStar's DISH unit claims it is excused from tower lease payments after its spectrum sale; American Tower filed suit to enforce the contract, a negative read-through on EchoStar's network commitments.

“In the case of DISH, first of all, they are current on their rents with us. And under our agreements with them, we expect them to honor those agreements and to pay their rents going forward.”

DISH (EchoStar) is a distressed tenant expected to churn ~$25M annually in 2027-2028; SBA insists it stay current, a negative read-through on EchoStar's network commitments.

“not sure if you heard EchoStar's call on Friday, not to put you on the spot, but they announced a big LEO project.”

EchoStar's newly announced LEO satellite constellation project was raised as a potential alternative to terrestrial towers in rural coverage; SBA management characterized satellite as complementary rather than competitive to its tower business.

“In terms of DISH, our total revenue with DISH is roughly around $55 million a year. That's a whole different situation.”

DISH remains an active SBA tenant continuing to sign leases and amendments, representing $55 million in annual revenue with a more stable outlook than the U.S. Cellular exposure.

“If they do lease their spectrum, their contract doesn't allow for that to change it's in somebody else's hands”

DISH's tower contracts with SBA don't currently permit spectrum leasing to a third party without a separate conversation; DISH continues to pursue its standalone greenfield network but at a slower leasing pace.

“On Paramount/Warner Bros., I would say we have had good relationships with those companies for a long, long time.”

EchoStar/DISH's programming vendor Warner Bros. is party to a proposed Paramount/Warner Bros. deal; management flags further content-cost concentration among its distributors.

“On Paramount/Warner Bros., I would say we have had good relationships with those companies for a long, long time.”

EchoStar/DISH's programming vendor Paramount is party to a proposed Paramount/Warner Bros. deal; management flags further content-cost concentration among its distributors.

“But it looks like, I think the merger appeared publicly to be something like 80/20 between xAI and Starlink.”