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EchoStar Corporation SATS subsidiary, EchoStar Mobile Limited, recently announced that Swisscom is deploying Actility and EchoStar Mobile to expand its LoRaWAN (Long Range Wide Area Network) IoT footprint across the European nations.
Based in Switzerland, Swisscom is one of the premium Information and Communications Technology companies, with the Swiss Confederation having a 51% stake in the company. It offers end-to-end digital and IT services to both private and business clients.
Swisscom is leveraging EchoStar Mobile’s advanced capabilities to support its sensor-to-satellite operations. Additionally, it is using Actility's ThingPark Exchange roaming hub, which facilitates the seamless integration between Swisscom’s terrestrial and EchoStar Mobile's satellite network.
France-based Actility is a leading provider of low-power wide-area networks and industrial-grade connectivity solutions for the IoT.
EchoStar Mobile's cutting-edge pan-European LoRa-enabled IoT network integrates the low-power, long-range advantages of LoRa with the extensive coverage of its satellite services. This initiative aims to provide a “direct-to-satellite” network solution that unleashes the true potential of IoT and its subsequent benefits to the industries.
EchoStar Mobile will offer Swisscom IoT satellite connectivity services over a multi-year period.
Prior to this collaboration, Swisscom’s IoT-managed solutions for various use cases (smart metering, environmental monitoring, tracking, agriculture and smart building) were powered by terrestrial connectivity.
Synergies stemming from the integration of EchoStar Mobile’s satellite connectivity and Actility's roaming platform will enable customers to access the “borderless” potential of connected IoT ecosystems, according to EchoStar Mobile.
Englewood, CO-based SATS is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband Internet services. It caters to aeronautical, enterprise and government customers with its innovative network technologies, managed services and various communications solutions.
In May 2024, SATS secured an indefinite delivery, indefinite quantity deal from the U.S. Naval Supply Systems Command Spiral 4 wireless products and services purchasing program for $2.7 billion.
Per the terms of the contract, SATS’ subsidiaries Hughes Network Systems and Boost Mobile will provide 5G wireless services and devices to support the Department of Defense across all 50 states and U.S. territories and for international travel on temporary duty.
In the last reported quarter, SATS generated revenues of $4.01 billion, down 8.6% year over year. The decline in net subscribers of Pay-TV, Retail Wireless and Broadband and satellite services adversely impacted the top-line performance. The Zacks Consensus Estimate for revenues was pegged at $4.07 million.
Currently, EchoStar carries a Zacks Rank #3 (Hold). The stock has gained 0.2% in the past year against the sub-industry’s decline of 44.3%.