“The transaction is expected to generate significant cost and revenue synergies, and the strong asset portfolio of the combined company paired with its enhanced free cash flow generation capability and strengthened capital structure are expected to drive long-term value creation for our shareholders and other stakeholders,” the mogul added.
EchoStar CEO Hamid Akhavan will serve as president and CEO of the combined company upon closing of the transaction, with Ergen serving as executive chairman. John Swieringa, president & COO of Dish Wireless, will be president, technology & chief operating officer of the combined company. Erik Carlson will continue to serve as president and CEO of
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