LA PLATA, Maryland— EchoStar Corp. gave initial hints of how it plans to develop its $5-billion network to provide global satellite direct-to-device (D2D) wideband connectivity but left unanswered questions about how it would finance it.
For a company already highly leveraged and managing multiple debt instruments to the limit of breaching their covenants, that left a big hole in its Aug. 1 investor call, which was largely devoted to the just-announced satellite plan.
“It is not lost on us that when we add . . .
To view the entire article, become a subscriber!