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Dish Network and EchoStar Set to Merge

Billionaire Charlie Organ is merging his two major telecom companies, Dish Network and Echostar. This is actually a return to form for the two businesses as Echostar was spun out of Dish Network back in 2008. The current CEO of Echo Star will be the CEO of the combined companies. While the current CEO of Dish will leave the company after the transaction closes. Charlie Erin says of the merger quote, this is a strategically and financially compelling combination that is all about growth and building long term sustainable business.