DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails

Quick Summary:

Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's satellite television business that includes Dish TV by Nov.22 if bondholders don't agree to a debt exchange.

A satellite model is placed on EchoStar Satellite Services logo in this picture illustration taken April 4, 2022.

EchoStar and Dish did not immediately respond to Reuters requests for comment.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Includes Satellite Acquisition Services Dish Echostar Directv Exchange Debt Business Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:42:49 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23563921

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Main Topics: EconomyBusiness

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