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LITTLETON, Colo. - Boost Mobile, a brand of EchoStar Corporation (NASDAQ:SATS), which has seen its stock surge nearly 70% over the past year to $31.69, announced Tuesday the addition of the moto g stylus to its 2025 Android device lineup, offering new customers who switch to the carrier and port their number the opportunity to receive the device for free when activating on a $50 or $60 rate plan.
Existing customers can purchase or upgrade to the device for $49.99 with eligible rate plans during the company’s Back-to-School promotion period. The promotion comes as EchoStar, with a market capitalization of $9.14 billion, prepares to report its next earnings on July 30.
The moto g stylus features a 6.7-inch Super HD pOLED display, a 50MP Sony LYTIA camera with Optical Image Stabilization, and 68W TurboPower charging with over 40 hours of battery life, according to the company. The device includes a built-in stylus for navigation, note-taking and sketching.
"We’re excited to bring the moto g stylus to Boost Mobile customers at a great value," said Sean Lee, SVP of Product and Marketing at Boost Mobile in a press release statement.
The device is now available through Boost Mobile’s website and retail locations nationwide. Boost Mobile operates on what it describes as a cloud-native ORAN 5G network with plans starting at $25 per month.
Boost Mobile is a brand under EchoStar Corporation (NASDAQ:SATS) and describes its coverage as reaching 99% of the U.S. population when including roaming partners. According to InvestingPro, EchoStar’s stock is showing strong momentum, with multiple positive technical indicators and price trends available for subscribers to analyze.
In other recent news, EchoStar Corporation is navigating a complex situation involving its spectrum licenses and financial obligations. The company is under scrutiny by the Federal Communications Commission (FCC) for its compliance with 5G network buildout requirements, which has led to an investigation and potential revocation of its licenses. President Donald Trump has intervened, urging EchoStar and FCC Chairman Brendan Carr to reach an amicable resolution. This intervention follows EchoStar’s decision to skip approximately $500 million in interest payments, citing the FCC review as the reason. The company has since resumed interest payments, indicating ongoing discussions with the commission.
EchoStar’s financial challenges have led its bondholders to hire Akin Gump Strauss Hauer & Feld for legal advice amid potential bankruptcy concerns. The company missed a $326 million interest payment on its spectrum-related bonds and a $183 million payment on Dish DBS bonds, resulting in a 30-day grace period to address these defaults. Analysts suggest that a bankruptcy filing might provide EchoStar with more time to negotiate with the FCC.
UBS has maintained a Neutral rating on EchoStar, with a price target of $28.00, noting the ongoing White House efforts to mediate the dispute. The potential sale of EchoStar’s spectrum licenses, valued at approximately $35 billion, is seen as a possible outcome of these discussions. As the situation unfolds, investors and analysts are closely monitoring the developments and their implications for EchoStar’s financial health and market position.
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