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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.