Media

Charlie Ergen reportedly looking to merge Dish Network, EchoStar: report

By
Reuters
Published July 6, 2023, 1:36 p.m. ET

Dish Network Chairman Charlie Ergen is considering merging the two halves of his telecom empire, Dish and Ech🙈oStar, new🅠s publication on Thursday, citing people familiar with the matter.

The companies have en𓆉gaged advisers, according to the report,💯 which did not offer details on the timeline for a deal or the size.

Charlie Ergen founded EchoStar as a satellite television equipment distributor in 1980. REUTERS
EchoStar logo
In 2008, EchoStar changed its name to Dish Network and spun off its technology arm as a new company named EchoStar. SOPA Images/LightRocket via Getty Images

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

Dish’s shares were 5% lower in afternoon trade while EchoStar’s stock was down 3.4% amid weaker broader market.

Dish Network satellite dishes
The companies have engaged advisers, according to the report, which did not offer details on the timeline for a deal or the size. AP

In 2008, EchoSta𝕴r Communications, which was founded by Ergen as a satellite television equipment distributor in 1980, changed its name to Dish Network and spun off its technology arm as a new company named EchoStar Corp.