Telecommunications equipment industry
EchoStar Secures Deal with Philips for DBS Receivers, Prepares for Fall Launch
EchoStar Communications Corp., a direct broadcast satellite (DBS) licensee, has signed a letter of intent with Philips Consumer Electronics Co. to develop DBS satellite receivers. Under the agreement, DBS receivers would be manufactured and distributed under the Magnavox or Philips brand names, and gain access to Philips' distribution channels.