Res Communis

Echostar Corporation to Acquire Hughes Communications

by Sara M. Langston with the blog faculty

Source: Space Mart

EchoStar Corporation and Hughes Communications, Inc. have announced an agreement pursuant to which EchoStar will acquire all of the outstanding equity of Hughes and its subsidiaries including its main operating subsidiary, Hughes Network Systems, L.L.C. in a transaction valued at approximately $2 billion, including Hughes debt expected to be refinanced in connection with the transaction.