Las Vegas – Despite ongoing speculation that EchoStar Communications Corp. could be an acquisition target for telecommunications giant AT&T Corp. Charlie Ergen, chairman and chief executive for EchoStar said he is not looking to sell the company or become a primary shareholder of another company.
“These rumors are false. I’m happy being the largest shareholder of EchoStar,” said Ergen after a press conference this morning at the 2006 International Consumer Electronics Show.
“I’m in my dream job. It’s my hobby to do satellite.” Ergen said 2005 was a “solid” year for EchoStar and the satellite industry overall.
He said that although there’s a growing consensus that cable TV companies have the upper hand over satellite, 2006 would prove that EchoStar can deliver services that can effectively compete against cable providers and DirecTV, the nation’s largest satellite TV provider.
