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DirecTV’s Merger With DISH Might Be a Good Thing

DirecTV is acquiring DISH through a $9.75 billion debt exchange transaction. This deal, pending approval, would create a monopoly in the satellite television industry. Ironically, it would also contribute to the FCC’s 5G buildout goals by rescuing EchoStar, the current owner of DISH, from bankruptcy. The agreement is dense but fairly straightforward. DirecTV will own EchoStar’s television assets and liabilities—DISH,…