Tag: Echostar

DirecTV announced plans to terminate its agreement to acquire Dish Network and Sling TV on Friday, November 22, citing Echostar's failure to secure a $9.75 billion debt exchange deal with creditors. DirecTV CEO Bill Morrow emphasized the company's strong balance…

EchoStar reported a net increase of 145,000 subscribers for Sling TV in Q3, reaching 2.14 million, despite a continued decline in its satellite TV service. Efforts to merge with DIRECTV have stalled after a group of DISH bondholders rejected a…

Dish Network creditors have rejected a bond exchange offer required for Dish’s planned merger with DirecTV, creating uncertainty about the deal. The creditors objected to a $1.5 billion minimum loss on the bonds, calling for an additional $300 million reduction.…