DISH Bids for Loral Satellites


Supporting Founder
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Supporting Founder
Sep 8, 2003
Las Vegas, Nevada
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Wednesday night, EchoStar said it made an offer for North American satellite assets controlled by Loral, which is currently in bankruptcy proceedings.

EchoStar said it made a $1.029 billion offer for the six North American satellites operated by Loral. The company described the bid as a "topping offer," believed to be about $29 million more than Intelsat's offer for the same satellite assets.

The EchoStar bid was submitted directly to Loral as part of Loral's bankruptcy proceedings.

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