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Big Law

Dish Shares Rise After U.S. FCC Approves the Company’s Merger With EchoStar

The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire Charlie Ergen’s telecom empire to tackle growing competition from larger U.S. carriers.

Dish shares rose 8.5% on the approval while Echostar was up 8% in afternoon trading.

Since spinning off EchoStar in 2008, Dish has looked to expand beyond satellite TV into streaming TV as well as mobile telecom services, but has faced stiff competition from bigger rivals, including AT&T and Verizon Communications.

Read the source article at Yahoo Finance

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