MEDIUMOutside partySupplier
T-Mobile and AT&T network services
“10-K Item 1A: 'Through the MNSA and the NSA, we depend on T-Mobile and AT&T to provide network services to our Wireless subscribers.'”
ECHO · Concentration risk · 10-K extracted
EchoStar (ECHO) concentration risks
Updated
The most significant concentration EchoStar discloses is T-Mobile and AT&T network services, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: EchoStar’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06EchoStar's disclosed concentration risk is a network-services dependency: through the MNSA and NSA agreements, EchoStar depends on T-Mobile and AT&T to provide network services to its Wireless subscribers, a medium-band dependency exposure. No percentage or dollar figure accompanies this disclosure, so the filing does not quantify how much of EchoStar's wireless traffic or subscriber base runs through each of these two network partners. With only this single concentration disclosed, the key takeaway is that EchoStar's Wireless segment relies on external network-sharing arrangements with two named counterparties rather than owning full end-to-end network coverage — a structurally different position from a wireless carrier with its own complete network. That makes the terms, pricing, and continuity of the T-Mobile and AT&T agreements a meaningful, idiosyncratic risk to Wireless segment economics, even though the filing does not disclose the specific share of traffic or revenue tied to either partner.
For the engine’s reasoning on ECHO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Telecom Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AD | Array Digital Infrastructure, I | 2 | 0 | 0 | 2 |
| CMCSA | Comcast Corporation | 1 | 1 | 0 | 2 |
| ATEX | Anterix Inc. | 0 | 1 | 0 | 1 |
| CCOI | Cogent Communications Holdings, | 0 | 1 | 0 | 1 |
| CHTR | Charter Communications, Inc. | 0 | 1 | 0 | 1 |
| ECHO● | EchoStar Corporation | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.