EchoStar buying Inmarsat is logical
Satellite operator EchoStar, controlled by Charlie Ergen, is sitting on a cash pile of a huge $2.8 billion (€2.36bn), plus another $500 million of marketable securities, and is currently not doing anything with this ‘war chest’. Equity analysts at investment bank Jefferies have carried out a study to examine whether a hypothetical bid for Inmarsat […]