DirecTVhas terminated its deal withEchoStarto acquireDishDBS following bondholders opposition to the debt-exchange proposal.
The merger would have created the largest U.S. pay-TV provider, with DirecTV assuming EchoStars debt.
We are well positioned for the future with a strong balance sheet and support from our long-term partner TPG.
Dish Network and DirecTVJustin Sullivan/Getty Images
On September 30, Dish and DirecTV haddeclared their intentionto merge and create the largest U.S. pay-TV provider.
