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Tag: echostar
Dish buys back satellites from EchoStar in all-stock deal worth USD 800 mln
2019-05-20 12:16:00| Telecompaper Headlines
(Telecompaper) Dish Network has agreed to buy EchoStar's Broadcast Satellite Service (BSS) business in an all-stock, tax-free transaction worth USD 800 million. The operations include nine direct broadcast satellites and certain key employees responsible for satellite operations, licensing for the 61.5-degrees orbital slot, and some real estate properties. In return, Dish will distribute 22.9 million of its shares to EchoStar stockholders.
EchoStar drops plans for formal bid for Inmarsat
2018-07-09 08:47:00| Telecompaper Headlines
(Telecompaper) After its first attempt, EchoStar said it would still try to find to find common ground with Inmarsat, with a view to buying. But it has now walked away from the deal.
EchoStar withdraws 3.2bn Inmarsat offer
2018-07-09 02:00:00| Total Telecom industry news
EchoStar has withdrawn its takeover bid for Inmarsat, after the UK satellite services provider rejected a formal offer from its US rival. Late on Friday…read more on TotalTele.com »
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Inmarsat says no to new GBP 3.2 bln bid from EchoStar
2018-07-06 11:35:00| Telecompaper Headlines
(Telecompaper) EchoStar confirmed the bid and said it will continue to find common ground with Inmarsat, with a view towards buying the company. It believes a combination of EchoStar and Inmarsat is "strategically compelling." The combined group would be one of the world's leading satellite providers and be well supported by a global portfolio of complementary assets and service offerings.
Inmarsat rejects 'significantly undervalued' bid from Echostar
2018-06-09 15:52:00| Telecompaper Headlines
(Telecompaper) Inmarsat said it has rejected a preliminary bid from Echostar. Without giving any financial details, Inmarsat said the offer "very significantly" undervalued Inmarsat and its standalone prospects. The company added that it remains highly confident in its independent strategy and prospects.
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