Business News • MarketWire • EchoStar to Acquire Mexican Satellite Operator Satmex |
EchoStar to Acquire Mexican Satellite Operator Satmex |
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EchoStar to Acquire Mexican Satellite Operator Satmex
ENGLEWOOD, CO and MEXICO CITY--(Marketwire - February 26, 2010) - EchoStar Satellite Services, L.L.C., a subsidiary of EchoStar Corporation (NASDAQ: SATS), and Satélites Mexicanos, S.A. de C.V. (Satmex) announced today an agreement pursuant to which EchoStar will acquire an ownership interest in Satmex. Satmex is Mexico's leading satellite operator and delivers video, audio and data services to the Americas. MVS Comunicaciones, one of the largest media and telecommunications companies in Mexico and EchoStar's partner in the fast growing Mexican direct-to-home TV service Dish Mexico, will also participate in the ownership of Satmex through a joint venture with EchoStar. Together, EchoStar and MVS Comunicaciones will acquire all of the outstanding stock of Satmex.
View More : http://www.marketwire.com/mw/release.do?id=1123527&sourceType=3
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