On Monday, EchoStar—the sister company of U.S. direct broadcast satellite provider DISH Network—teamed up with MVS Communicaciones to acquire all of the outstanding stock of Mexican fixed satellite services operator Satmex for US $267 million in cash. Established in the 1980s as a government-owned entity, the now privatized Satmex operates three in-orbit satellites and two uplink facilities that will be included in the transaction. A current partner of EchoStar in the companies’ DISH Mexico direct-to-home satellite TV venture, MVS ranks as one of the top media and telecommunications firms in Mexico. As Satmex CEO Patricio Northland observed that his company and the EchoStar-MVS venture share “common goals in delivering satellite communications services across the Americas,” EchoStar Satellite Services president Dean Olmstead proclaimed that the Satmex deal “provides us with a footprint over Mexico and presents us the opportunity to serve a growing global demand for satellite services.” In addition to the purchase of all of Satmex’s outstanding stock, the agreement also provides Satmex with up to $107 million on its balance sheet at closing that, combined with the stock purchase price, would free more than $374 million for distribution to Satmex shareholders. Contingent upon receipt of required regulatory approvals and verification of operational capabilities of Satmex’s satellite fleet, the transaction is slated for completion early in the third quarter of this year.