EchoStar's proposed purchase of Mexican satellite fleet operator Satmex is "far from being a foregone conclusion" because of Satmex bondholder resistance and constraints that EchoStar has placed on Satmex as a condition of the deal, according to EchoStar officials and documents filed March 1 by the companies.rnThe transaction could prove to be crucial for both satellite operators insofar as both are in need of resources to increase their satellite capacity in an industry that values scale.rnEnglewood, Colo.-based EchoStar and Satmex's management need to convince Satmex's bondholders that accepting less than they had expected for their Satmex debt is their best available option. Satmex, since going through bankruptcy reorganization in 2005, has been struggling for several years to fund what company management has said is an indispensable new satellite.
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