EchoStar To Buy Mexican Satellite Co. For $374M

By Leigh Kamping-Carder

Law360, New York (March 01, 2010, 7:12 PM ET) -- An EchoStar Corp. unit and MVS Comunicaciones have said they will acquire Satelites Mexicanos SA de CV — a fellow player in the Mexican satellite service market — in a deal worth $374 million, if the prospective buyers can overcome opposition from some of Satmex's key stakeholders.

EchoStar Satellite Services LLC and MVS, one of Mexico's largest media companies, announced the joint venture Friday, saying they would pay $267 million in cash and allow Satmex to keep $107 million on its balance sheet in exchange for...
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