Announced
Financials
Tags
United States
Acquisition
Private
broadcasting infrastructure
Satellite
Majority
Synopsis
EchoStar Corporation, a worldwide provider of satellite communication solutions and Internet services, sold its Broadcast Satellite Service business to Dish Network, a US television provider, for $800m. "In 2017, when DISH acquired the EchoStar assets that we needed to deliver the DISH TV and Sling TV customer experiences, key broadcast satellite operations and services remained with EchoStar," said DISH President and CEO Erik Carlson. "This transaction brings those operations, including the BSS satellites, associated assets and key team members, in house and we expect those additions will create operational efficiencies and improve both free cash flow and EBITDA."
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.