Thursday, February 22, 2007

EchoStar Invests $40M in South Korea

Englewood, Colorado-based EchoStar has made a $40M investment in a South Korean operation of satellite broadcasting services. EchoStar said that it has invested in TU Media Corp., which provides digital multimedia broadcasting to more than one million subscribers in South Korea. EchoStar becomes the second largest shareholder of TU Media behind SK Telecom.