At the beginning of the month Echostar and DirecTV were both receiving criticism that they would start to show signs of losing out to cable providers bundling television, high-speed Internet and telephone services together.However, despite the criticisms both companies have received relatively good news. Echostar has reported a stronger than expected subscriber growth for the third quarter, while DirecTV has had a slower subscriber growth, but generated more income per subscriber.
Echostar saw a 2% increase in its share price as a result of the news and DirecTV saw a rise of 5.2%. It appears that the two companies are not on the slow down just yet.
Since around mid-July DirecTV's share price has risen by over 30% and Echostar's share price has also risen by 12%. This has been strongly pushed by reports of the two companies merging.
