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."

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Levin Reads Tea Leaves on Starlink’s Place in BEAD

New Street Research analyst and Brookings nonresident senior fellow Blair Levin has been peppered with all sorts of questions about Donald Trump’s second term as president.

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