VZ - Why Is EchoStar Stock Shooting Higher Wednesday? | Benzinga
EchoStar Corp (NASDAQ: SATS) announced today the completion of a series of strategic transactions to further unlock incremental strategic, financial, and operating flexibility for its business following its merger with Dish Network Corp.
The merger combined Dish Network's satellite technology, streaming services, and nationwide 5G network with EchoStar's premier satellite communications solutions.
Dish grappled with a debt of $24.6 billion and a notable decrease in TV subscribers, falling to 8.8 million in the third quarter from 14 million ten years earlier.