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EchoStar is set to expand its satellite and mobile broadband services after selling Dish and Sling TV to DirecTV for $1, along with transferring $10 billion in debt. The restructuring aims to focus on direct-to-device satellite services, with plans to raise $5.5 billion in new capital, while analysts predict a challenging environment for its wireless business and ongoing declines in satellite pay-TV subscriptions.
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echostar plans aggressive expansion into satellite and mobile broadband services
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20:35 01.10.2024
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