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1 year ago
EchoStar closes DISH Network acquisition; to take on Verizon, AT&T
EchoStar Corporation announced on Tuesday it has completed its acquisition of DISH Network Corporation, which combines DISH's satellite technology, streaming services and nationwide 5G network with EchoStar's satellite communications solutions. The deal, which reunites Charlie Ergen's satellite empire, is key to Ergen's plan to transition Dish away from the dwindling pay-TV business and toward wireless services, challenging providers such as Verizon Communications, AT&T, and T-Mobile, Bloomberg reported.