DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant.
DirecTV said Monday that it will acquire Dish TV and Sling TV from its Colorado-based owner EchoStar in a debt exchange transaction that includes a payment of $1, plus the assumption of approximately $9.8 billion in debt.The prospect of a DirecTV-Dish combo has long been rumored, with headlines about reported talks popping up over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked their owners’ then-$18.
“With an improved financial profile, we will be better positioned to continue enhancing and deploying our nationwide 5G Open RAN wireless network,” EchoStar President and CEO Hamid Akhavan said. “This will provide U.S. wireless consumers with more choices and help to drive innovation at a faster pace.”By shedding Dish, EchoStar will be able to focus its efforts elsewhere, like its wireless carrier Boost Mobile.“We are playing to win in the wireless business.
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