Shares in EchoStar were flat Tuesday morning on the first day of trading since the closing of the wireless firm’s merger with Dish Network.
The all-stock deal, announced last summer, officially closed on Sunday. Dish had been its own separate entity since being spun off by EchoStar in 2008.
The reunion offers Charlie Ergen a bit more runway to try to execute his strategic turn away from pay-TV and toward wireless, though EchoStar is for now the No.
4 player in a competitive market led by Verizon and AT&T. The 70-year-old Ergen, long known as a maverick negotiator and an outspoken critic of traditional pay-TV bundle economics, will be executive chairman of the combined company.
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