Tag: $EchoStar

AT&T exits pay-TV and frees DirecTV to combine with rival Dish

AT&T Inc. said Monday it has agreed to sell its 70% stake in satellite-TV company DirecTV Entertainment Holdings LLC to its partner, private-equity firm TPG Inc., for about $7.6 billion in cash payments through 2029.

Billionaire Charlie Ergen is combining Dish and EchoStar in all-stock deal, confirming earlier reports

Billionaire Charlie Ergen is combining his two telecom companies, pay-TV provider Dish Network Corp. DISH, +0.66% and satellite-communications company EchoStar Corp. SATS, +21.26% in an all-stock deal, the companies said Tuesday, confirming a report by the Wall Street Journal late Monday.