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Announced

EchoStar Corporation sold its Broadcast Satellite Service business to Dish Network for $800m.

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."

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