01-31-02, 04:00 AM
TV technology company Kudelski may invest up to $1 billion in EchoStar and may buy around $500 million worth of shares in the satellite TV company as soon as April, Chairman Andre Kudelski told a Swiss newspaper this week.
During his interview with Finanz und Wirtschaft, Kudelski said, "The exact details of this assistance still have to be worked out. Paying up to $1 billion depends on certain conditions linked to the merger of EchoStar and DirecTV."
Kudelski, which provides EchoStar with its access control technology, has pledged to support the EchoStar/DirecTV transaction in the past. The company would join French/Hollywood media giant Vivendi Universal, which recently took a stake in EchoStar.
From <a href="http://www.skyreport.com" target=none>SkyReport</a> (Used with permission)
During his interview with Finanz und Wirtschaft, Kudelski said, "The exact details of this assistance still have to be worked out. Paying up to $1 billion depends on certain conditions linked to the merger of EchoStar and DirecTV."
Kudelski, which provides EchoStar with its access control technology, has pledged to support the EchoStar/DirecTV transaction in the past. The company would join French/Hollywood media giant Vivendi Universal, which recently took a stake in EchoStar.
From <a href="http://www.skyreport.com" target=none>SkyReport</a> (Used with permission)