EchoStar Corporation has completed its acquisition of Hughes Communications. Under the terms of the transaction, Hughes’ shareholders will receive $60.70 per share without interest, which represents a premium of 31 percent over Hughes’ unaffected closing share price of $46.43 on January 19, 2011. The funding of the acquisition is being supported by the recent successful placement of $1.1 billion of senior secured notes and $900 million of senior unsecured notes.

“The two companies together will have an extensive fleet of owned and leased satellites, experienced personnel and communications facilities around the world, creating a global leader in video and data transport, said Michael Dugan, CEO and president of EchoStar, in a statement. "We also want to express our appreciation for the FCC’s thorough but expeditious review process, approving the merger less than 82 days after public notice."

The Daily

Subscribe
Monday–July 13

Cable Nets Caught in PSKY-WBD Fight

A long-expected storm made landfall when a coalition of 12 state attorneys general, led by California AG Rob Bonta, sued to block the $110 billion merger of Paramount Skydance and Warner Bros. Discovery.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jul 17
2026 Top Ops Awards Top Ops Awards Entry Deadline
Nov 3
2026 Most Powerful Women Awards 2026 Most Powerful Women Awards
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact us at marketing@cynopsis.com, for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.