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EchoStar sells Dish and Sling TV to DirecTV, assuming $9.8B debt, as AT&T sells majority DirecTV stake to TPG for $7.6B.
EchoStar's stock fell 18.5% following its announcement to sell Dish and Sling TV to DirecTV, which will assume $9.8 billion of EchoStar's debt.
EchoStar will receive $2.5 billion from private investors and incur $5.1 billion in new debt to finance its transition to a cellphone provider.
Meanwhile, AT&T has sold its majority stake in DirecTV to TPG for $7.6 billion, allowing it to refocus on telecommunications and 5G services.
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EchoStar vende Dish y Sling TV a DirecTV, asumiendo deuda de $9.8B, ya que AT&T vende la participación mayoritaria de DirecTV a TPG por $7.6B.