EchoStar Corp. (SATS) and DIRECTV Monday announced a definitive agreement, by which DIRECTV will acquire EchoStar's video distribution business DISH DBS, including DISH TV and Sling TV, for a nominal price of $1, plus the assumption of DISH DBS's net debt.
The deal is projected to reduce EchoStar's total consolidated debt by $11.7 billion, and decrease its refinancing needs by approximately $6.7 billion through 2026.
This acquisition is expected to relieve significant financial pressures on EchoStar, enabling the company to focus on launching a nationwide 5G Open RAN wireless service to compete with major carriers. The deal will also strengthen EchoStar's Boost Mobile brand as the fourth major facilities-based carrier in the U.S. Additionally, EchoStar plans to leverage its satellite assets to develop innovative direct-to-device solutions.
The transaction is expected to close in the fourth quarter of 2025.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.