EchoStar Corporation Class A Stock News

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LITTLETON, Colo. & ALAMEDA, Calif.--(BUSINESS WIRE)-- #5G--Wind River® will now provide core-to-edge cloud infrastructure for the Boost Mobile network. As the largest Open RAN (O-RAN) deployment in the world, providing 5G voice to more than 200 million Americans, Boost Mobile's transition to Wind River Studio Operator will mark the telecom industry's largest containers-as-a-service (CaaS) vendo...

Satellite TV giant DirecTV called off its deal with Charlie Ergen's EchoStar to acquire rival Dish TV and other assets. The deal would have created one of the largest pay TV distributors in the country with a combined 20 million subscribers.

US satellite TV business DirecTV (NASDAQ:DTV) is backing out of its agreement to acquire EchoStar's video distribution business, which includes rival Dish TV. DirecTV said it has notified EchoStar of its intention to cancel the acquisition after bondholders, holding $10.7 billion in debt, rejected a proposed debt swap that would have resulted in a $1.6 billion loss.

DirecTV has terminated its deal with EchoStar to acquire Dish DBS following bondholders' opposition to the debt-exchange proposal. The merger would have created the largest U.S. pay-TV provider, with DirecTV assuming EchoStar's debt.

A tie-up meant to help struggling satellite-TV companies is falling apart after creditors balked at a proposal to cut into their holdings.

DirecTV will terminate its planned acquisition of Dish TV after bondholders rejected a debt swap that the deal relied on, Axios reported on Thursday, citing a person familiar with the matter.

$6.5M Contract Will Support Open RAN with a RAN Intelligent Controller (RIC) Experimentation for U.S. Department of Defense DENVER , Nov. 19, 2024 /PRNewswire/ -- EchoStar Corporation, (Nasdaq: SATS) today shared that its subsidiary Hughes Network Systems, LLC, was awarded a $6.5 million contract to deploy a 5G Open Radio Access Network (ORAN) prototype at Fort Bliss in El Paso, Texas. The netw...