As we recently reported – Dish is selling it’s TV business to Direct TV – and, in a new twist, AT&T is also selling their part. 
Private-equity firm TPG agreed to buy AT&T’s remaining stake in DirecTV and merge the satellite company with rival Dish. AT&T agreed to sell its remaining 70% share of DirecTV to TPG for roughly $7.6 billion.
DirecTV agreed to buy Dish from EchoStar for $1 (yes, that’s not a type… one buck), plus the assumption of roughly $9.8 billion in debt, pending approval. TPG also agreed to extend EchoStar $2.5 billion in financing to satisfy their current debt maturing in November.
Neither transaction comes with a breakup fee, meaning either side could scrap the deal should business concerns or a denial by regulators stand in the way. AT&T’s DirecTV divestiture isn’t contingent on the Dish deal.
The deal allows Echostar to now focus completely on Boost and their new 5G Open RAN network buildout.
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One comment on “Dish / Direct TV to Merge – AT&T Exits”
[…] we reported earlier, Dish and Direct TV announced a merger. However, today we learned the merger is off. DirecTV has […]