EchoStar Corp. (NASDAQ: SATS) announced today that it has acquired 100% ownership of Solaris Mobile Ltd.
ENGLEWOOD, CO—EchoStar Corp. (NASDAQ: SATS) announced today that it has acquired 100% ownership of Solaris Mobile Ltd., a next-generation 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).
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. 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.
“Through this acquisition and our mobile satellite infrastructure expertise, we look forward to accelerating advanced mobile services throughout the European Union,” said Anders Johnson, president, EchoStar Satellite Services. “We are excited to build upon the groundwork laid by Solaris Mobile by most immediately bringing with us access to a next generation MSS satellite which will support a wide range of innovative services across the European Union.”