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The head of Kudelski, the Swiss company that provides EchoStar with its conditional access technology, said Tuesday that any investment it makes in the U.S. satellite TV service would be much less than the $1 billion previously mentioned.

Chairman Andre Kudelski also said during an earnings news conference that he did not expect to make any investment in Echostar until after its merger with DirecTV was approved by regulators. In January, Kudelski hinted about making an investment in EchoStar to help with its acquisition of DirecTV.

In December, Vivendi Universal, the French/Hollywood media giant, announced plans to make a $1.5 billion equity investment in EchoStar, providing a portion of the funding for the pending DBS merger. The Kudelski speculation followed shortly after the Vivendi announcement.

From SkyReport (Used with permission)
 
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