Echostar Sells Dish Network to Focus on 5G Network

WASHINGTON, Sep. 30, 2024 - A deal announced Monday for DirecTV to acquire satellite pay-TV rival Dish Network from EchoStar Corp. will set the stage for EchoStar to focus on the expansion of its 5G network capabilities, the companies said.

EchoStar, headquartered in Colorado, is exiting the traditional pay-TV business as a result of the agreement with DirecTV. EchoStar noted in a press release that the sale aimed to increase DirecTV’s ability to compete with dominant pay-TV service programmers and operators as well as accelerate EchoStar's deployment of wireless capabilities across the nation.

EchoStar said the deal would benefit consumers.