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EchoStar Corp acquires european mobile satellite services provider


Monday, 6 Jan 2014 11:40am EST 

EchoStar Corp:Says it has acquired 100 pct ownership of Solaris Mobile Ltd., a mobile satellite services (MSS) operator based in Dublin, Ireland and one of the European Union licensees of mobile satellite service with a complementary ground component (S band).Says Solaris Mobile Ltd. is deploying a satellite and terrestrial network for wholesale access to enhanced mobile communications across Europe in the 30 MHz S band licensed to Solaris Mobile.Says in connection with the acquisition, EchoStar has entered into an agreement with Solaris Mobile to provide it with MSS capacity on a new next-generation MSS satellite. 

Company Quote

46.45
-0.82 -1.73%
24 Apr 2014