EchoStar Considers TV and Technology Spin-Off

27 September 2007

ENGLEWOOD, Colorado: The second-largest US satellite television provider, EchoStar Communications, is considering a split of the Dish pay-TV business from its technology and equipment operations.

Ceo Charles Ergen says such a move would increase the value of the company, which competes with the former NewsCorp-owned DirecTV and a number of cable operators.

The spin-off scenario has arisen following an announcement earlier this week that EchoStar has agreed a $380 million (€268.9m; £188.7m) deal to buy Sling Media, which produces a device that sends TV programmes to laptops and cellphones.

The separation of the businesses awaits a decision by DirecTV's board and, ultimately, its shareholders.

Data sourced from Financial Times online; additional content by WARC staff