EchoStar’s new CEO likes S-band IoT play but asks for time to set strategic direction

by Peter B. de Selding

PARIS — Industry observers have only one question for EchoStar Corp.: What does the new chief executive, Hamid Akhavan, want to do with the Hughes Network Systems and EchoStar Satellite Services businesses and the $1.5 billion in cash on EchoStar’s balance sheet?

EchoStar Chairman Charlie Ergen told investors in February that Akhavan would have wide latitude in setting the company’s direction:

In EchoStar’s May 5 investor call, Akhavan acknowledged . . .

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