HOUSTON, March 1, 2010: EchoStar Satellite Services, L.L.C., a subsidiary of EchoStar Corporation, and Satélites Mexicanos, S.A. de C.V. (Satmex) have announced that EchoStar will acquire an ownership interest in Satmex, subject to certain conditions. Satmex is Mexico’s leading satellite operator and delivers video, audio, and data services to the Americas. Morgan Lewis served as U.S. counsel to the Mexican Government on the transaction, which is worth as much as $374 million. Casares, Castelazo, Frias, Tenorio y Zarate, S.C. served as lead Mexican counsel on the deal.
The Morgan Lewis team included Business and Finance partners Carlos Treistman, Justin H. Wertman, and Terrence L. Dugan; international consultants Rodrigo Dominguez Sotomayor and Humberto Padilla Gonzalez; and associates Gretchen P. Collazo, Joseph P. Roger, and Emmeline S. Liu. The Casares Castelazo team included partners Antonio Casares and Victor Frias and associate Vanessa Manrique.
For additional details on the transaction, please see EchoStar’s release at http://www.echostar.com/NewsEvents/PressReleases/PressRelease.aspx?prid=%7B7DA48BCF-FB99-4AC5-96A8-F7480F735006%7D.