The company currently operates as an MVNO on the T-Mobile (NASDAQ: TMUS) and AT&T (NYSE: T) networks. As more of its 5G network becomes commercially available, EchoStar is transitioning to an MNO and focusing on increasing customer postpaid traffic.
During the fourth quarter, EchoStar met its latest FCC milestone by extending 5G broadband coverage to over 80 percent or more than 268 million people, now with over 23,000 sites operational. Additionally, it expanded its 5G voice coverage with network launches in Boston, Seattle, and Pittsburgh, making VoNR available to more than 220 million people across over 100 markets.
EchoStar says it has deployed 3GPP Release 17 across the network and expects to reach 24,000 operational sites by June 14, 2025, to meet the next FCC milestone. The company believes FCC extensions allow it to build out its network more efficiently and increase competition in densely populated areas. Consequently, EchoStar anticipates lower capex levels in 2025 due to the extended FCC build-out deadlines.