Dish Network closes on asset transfer from EchoStar

|By:, SA News Editor

Dish Network (DISH +0.2%) has closed on a deal that sees it taking charge of DBS and over-the-top assets from sibling company EchoStar (SATS +1.3%).

The two had come to a deal where EchoStar would transfer its EchoStar Technologies hardware/software group along with its national and regional uplink business, a managed fiber backhaul network and a development group working on over-the-top service in exchange for Dish's 80% economic interest in EchoStar's Hughes Retail Group.

The move is seen as setting Dish Network up for some deal talks that could accelerate once a gag order is lifted from companies taking part in the FCC's months-long broadcast incentive spectrum auction.

Dish chief Charlie Ergen sees a number of deals ahead for the sector.

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