EchoStar Corp Q2 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Kyle Davis - Cowen and Company - Analyst : I had 2 questions about the trends in the residential business. So the first one was, I was wondering if you guys could quantify the Keep America Connected churn issue in the quarter? And what you sort of expect for that in Q3 as the pledge has ended? And then the second question is, we have to make some assumptions around how much of the FX headwind held back the residential revenue increase, but it does look to me like your residential revenue grew faster than your subscribers, which suggests to me an ARPU growth acceleration in the quarter. And I was wondering if you could talk about what may have driven that.

Question: Kyle Davis - Cowen and Company - Analyst : Got it. And that ARPU strength that you've commented on, is that something you guys would guess persists into the back half of the year? Or is it something that was particular to a lot of people being under stay at home orders in Q2? Or is it -- do you think it's more persistent than that?

Question: Kyle Davis - Cowen and Company - Analyst : The ARPU boost in North America that you commented on, David.

Question: Brad Hathaway - Far View - Analyst : Sorry about a minute ago, and so Charlie, I just wanted to ask you a question about kind of bigger picture. When you think about kind of larger M&A and the cost of kind of your equity capital, I mean, how do you think about your share price as a potential asset? Does it kind of frustrate you that your -- that EchoStar doesn't seem to attract the same valuation as a lot of your peers? And then kind of how do you think about maybe changing that perception going forward?

Question: Brad Hathaway - Far View - Analyst : Greatly appreciate you being on the call because I think one of the overhangs has historically been concerns over kind of long-term capital allocation. And so really appreciated some of your discussions about kind of some of your long-term thoughts. And again, congrats on the operational quarter and looking forward to seeing the strategy going forward.