EchoStar Corporation (SATS) recently inked a three-year agreement with Connected – a startup focused on providing universal narrowband connectivity from space. Per the deal, SATS will supply its modern EM2050 modules to Connected. The initiative augments Connected's product portfolio by integrating direct-to-device satellite communications. By reducing the dependency on extensive ground infrastructure, this partnership ensures increased reliability and performance in the most isolated regions, leveraging Ec ...

Partnership Enables Satellite Coverage Across Europe, Facilitating Personal Connectivity and Addressing the Digital Divide in Remote and Off-Grid Regions DUBLIN and COIMBRA, Portugal, Oct. 8, 2024 /PRNewswire/ -- EchoStar Mobile, a leader in satellite communications, and Connected, a startup dedicated to delivering universal, cost-effective narrowband connectivity from space, have announced a strategic partnership to revolutionize off-grid connectivity. This collaboration introduces Connected One, a cutting ...

EchoStar Corporation (SATS) recently inked a definitive agreement to sell its video distribution business, DISH DBS ("DISH"), including DISH TV and Sling TV, through a debt exchange transaction of roughly $9.75 billion of DBS notes to DIRECTV. The transaction will consolidate two of the most significant players in the Pay-TV industry, allowing the combined entity to invest more aggressively in its services. By combining DISH and DIRECTV's video services, the deal will enable the new entity to compete more e ...

Dish's "Seinfeld" strategy appears to have ended quite like the actual show — with its finale a generallyaccepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned "Seinfeld" on an earnings call, responding to an analyst's question about his company's mixed bag of assets. Ergen noted a half-hour episode of the 1990s sitcom would usually start with multiple plot lines without a clear direction, "But it all seemed to come together in the last couple of minutes," he said. "And so I think in ...

EchoStar is selling its Dish TV provider and digital business Sling to rival provider DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers and sent EchoStar shares plunging 10%. DirecTV agreed to pay a nominal fee of $1 for Dish. The deal will see DirecTV assume about $9.75 billion in debt and is contingent on consent from some of Dish's bondholders, according to a news release. The deal is expected to close in the fourth quarter of 2025. Combined, DirecTV and Dish wil ...

Economic & Earnings Commentary Pre-market futures are down this morning following a modest up-week across major indexes. Nothing major at this hour — it looks like a slight roll-back ahead of a new Jobs Week, which gets underway tomorrow. The Dow is -81 points currently, the Nasdaq is -74 and the S&P 500 is -17 points. What's Expected for Jobs Week in the Stock Market? We have a plethora of data set to hit the tape this week, from S&P PMI and ISM Manufacturing and Services reports, Construction Spending, Au ...

At long last, EchoStar is exiting the satellite TV business. So it seems that the rumors were true. Two weeks after Bloomberg broke the story that the on-again, off-again merger between EchoStar (SATS -11.48%) and DirecTV might be on again, EchoStar this morning announced a "suite of transformative transactions to delever its balance sheet and improve its debt maturity profile." Investors are unimpressed. EchoStar stock fell 18.5% through 10:15 a.m. ET on the news. How the Dish-DirecTV merger will work As E ...

DirecTV said Monday it has agreed to acquire Dish Network from EchoStar. The merger would create one of the US' largest pay-TV provider. In a separate deal, AT&T will sell its 70% stake in DirecTV to a private equity firm. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you' ...

Charlie Ergen is getting close to selling the pay-TV business he founded more than 40 years ago. EchoStar is in advanced talks to sell satellite TV provider Dish Network to rival DirecTV, the closely held pay TV operator owned by private-equity firm TPG and AT&T, according to people familiar with the matter. While the sides hope to complete a deal by Monday, no deal is assured, and the talks may still fall apart, said the people, who asked not to be named because the discussions are private. The combination ...

Key Takeaways DirecTV, owned by AT&T and private-equity firm TPG, and EchoStar's Dish reportedly are in advanced talks to merge. The Wall Street Journal said a deal for DirecTV to buy Dish could come as early as Monday. The paper noted that the two satellite-TV providers have been trying to come together for decades. Shares of EchoStar (SATS) soared Friday on a report that its Dish is in advanced talks to be acquired by satellite-TV rival DirecTV. The Wall Street Journal reported that the plan for DirecTV—o ...