Dish Buys Another Chunk of EchoStar

By Daniel Frankel
published

Dish Network has purchased more pieces of EchoStar, the company announced.

In an all stock deal valued at $800 million, Dish will acquire nine direct broadcast satellites, licensing for the "61.5-degree orbital slot” and some real estate properties.

The latest agreement follows a 2017 pact in which Dish bought EchoStar set-top box development, Sling TV technology, software development employees and U.S. satellite TV ground infrastructure.

"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, in a statement. "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."

Daniel Frankel
Daniel Frankel

Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!