{"id":87287,"date":"2010-03-19T01:23:56","date_gmt":"2010-03-18T17:23:56","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/echostar-backs-out-of-satmex-acquisitionae%c2%a8ae%c2%a8ae%c2%a8\/"},"modified":"2010-03-19T01:23:56","modified_gmt":"2010-03-18T17:23:56","slug":"echostar-backs-out-of-satmex-acquisitionae%c2%a8ae%c2%a8ae%c2%a8","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/echostar-backs-out-of-satmex-acquisitionae%c2%a8ae%c2%a8ae%c2%a8\/","title":{"rendered":"EchoStar Backs Out of Satmex Acquisition\u00e2\u20ac\u00a8\u00e2\u20ac\u00a8\u00e2\u20ac\u00a8"},"content":{"rendered":"<p>[03-18-10] <strong>EchoStar Satellite <\/strong>has terminated its stock purchase\u00e2\u20ac\u00a8agreement to acquire\u00e2\u20ac\u00a8 <strong>Satmex<\/strong>, according to documents EchoStar filed with the U.S. Securities Exchange Commission (SEC) March 16. \u00e2\u20ac\u00a8\u00e2\u20ac\u00a8 <br \/>\n&nbsp;&nbsp;&nbsp; EchoStar told the SEC that it required Satmex to solicit consent to amend its outstanding debt and waive all defaults and to enter into lockup agreements with the holders of at least\u00e2\u20ac\u00a8a majority of its debt within 17 days of the execution of the purchase agreement. Satmex also was asked to redeem or repurchase a sufficient percentage of its existing debt due in 2011 and 2013.<br \/>\n&nbsp;&nbsp;&nbsp; EchoStar exercised its right to terminate the agreement after Satmex failed to meet this obligation.<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">EchoStar Exec Hails Flexibility Through Satmex Deal<\/b>&nbsp;&nbsp;  \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tMarch 4, 2010<br \/>\n[03-03-10] EchoStar Satellite  Services CEO Dean Olmstead hailed the company s move to acquire Mexican  satellite operator, Satmex. EchoStar announced Feb. 26 that EchoStar  Satellite Services, a subsidiary of EchoStar, would acquire\u2026<\/p>\n<p><b class=\"titlelink\">EchoStar to Acquire Mexico\u2019s Satmex<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tMarch 1, 2010<br \/>\n[02-27-10] EchoStar Satellite  Services will acquire Satelites Mexicanos S.A. de C.V. (Satmex) for  about $374 million, the companies announced Feb. 26.&nbsp; EchoStar and  MVS Comunicaciones, EchoStar\u2019s partner in DTH provider Dish\u2026<\/p>\n<p><b class=\"titlelink\">EchoStar Signs ViP-TV Reseller Agreement with Mega  Hertz<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tFebruary 4, 2010<br \/>\n[02-04-10] EchoStar Satellite  Services named Mega Hertz Inc. as an official product reseller under  EchoStar s ViP-TV program, the operator announced Feb. 3. Mega  Hertz, a Texas-based IPTV technology integrator, will market the\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[03-18-10] EchoStar Satellite has terminated its stock purchase\u00e2\u20ac\u00a8agreement to acquire\u00e2\u20ac\u00a8 Satmex, according to documents EchoStar filed with the U.S. Securities Exchange Commission (SEC) March 16. \u00e2\u20ac\u00a8\u00e2\u20ac\u00a8 &nbsp;&nbsp;&nbsp; EchoStar told the SEC that it required Satmex to solicit consent to amend its outstanding debt and waive all defaults and to enter into lockup agreements with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-87287","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87287"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=87287"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87287\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=87287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=87287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=87287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}