Dish BSS Deal Removes Big Growth Anchor for EchoStar, Quilty Analytics Says
EchoStar's selling its broadcast satellite service business to Dish Network (see 1905200003) takes care of what had been "a major growth anchor" with 16 straight quarters of declining revenues while also removing "the inherent overhang caused by the two companies'…
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entangled relationship," the Quilty Analytics space industry researcher wrote investors Wednesday. It said a rename of EchoStar to Hughes wouldn't be surprising given all the original EchoStar assets will be Dish's. EchoStar didn't comment.