The telecom giant, led by CEO Hamid Akhavan and executive chairman Charlie Ergen, has agreed to be acquired by DirecTV to ...
DirecTV’s purchase of EchoStar’s subscription television business could collapse unless bondholders agree to accept a ...
A DirecTV spokesperson told the Post: “A successful [debt] exchange was a condition for acquiring the Dish video business.
DirecTV says it is walking away from its planned acquisition of EchoStar's video distribution service, DISH DBS, after DISH bondholders rejected a debt exchange offer from the satellite TV provider.
EchoStar president and CEO Hamid Akhavan stated on a Q3 earnings call his company will be able to paying off maturing debt in ...
Some bondholders wouldn’t accept a discount, so DirecTV said it will give up its plan to buy rival Dish. Bondholders of Dish parent EchoStar rejected DirecTV’s acquisition terms for its ...
EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen as key to sealing a merger with satellite rival DirecTV. Shares fell ...
The latest quarterly results come as EchoStar has entered into an agreement to sell Dish to rival DirecTV in a deal valued at $1 and $9.75 billion in debt. The deal is expected to close in the ...
Nov 12 (Reuters) - Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's (SATS.O), opens new tab satellite television business that includes Dish TV ...
Despite scaling back, EchoStar reported 5G network revenue of $43.2 million, up from $29.9m last year. Dish previously hit its 5G coverage target set by the Federal Communications Commission (FCC) ...
EchoStar, which recently agreed to sell its Dish and Sling TV businesses to DirecTV to create a new pay-TV giant, lost 43,000 net pay-TV subscribers in the third quarter, compared with a drop of ...