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Dish buys back satellites from EchoStar in all-stock deal worth USD 800 mln

2019-05-20 12:16:00| Telecompaper Headlines

(Telecompaper) Dish Network has agreed to buy EchoStar's Broadcast Satellite Service (BSS) business in an all-stock, tax-free transaction worth USD 800 million. The operations include nine direct broadcast satellites and certain key employees responsible for satellite operations, licensing for the 61.5-degrees orbital slot, and some real estate properties. In return, Dish will distribute 22.9 million of its shares to EchoStar stockholders.

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Category:Telecommunications

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