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Desperation draws Dish back to EchoStar for another bite

Dish Network and former parent company EchoStar have maintained a rather convoluted relationship since Dish was spun out a decade ago; waters which were muddied further this week with the acquisition of EchoStar’s Broadcast Satellite Services (BSS) segment by Dish for around $800 million. The transaction is significant on a number of levels, not least because Dish Network’s satellite business has suffered substantial subscriber losses. Yet the operator has spent a significant sum, including 22.9 million shares of Dish stock to EchoStar shareholders, on buying nine direct broadcast satellites two years on from inheriting a number of EchoStar assets. But while the batch of EchoStar assets cherry-picked by Dish in early 2017 were key enablers for Dish’s TV services, both…

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