[Satellite TODAY 03-18-10] EchoStar Satellite has terminated its stock purchase
agreement to acquire
 Satmex, according to documents EchoStar filed with the U.S. Securities Exchange Commission (SEC) March 16. 


    EchoStar told the SEC that it required Satmex to solicit consent to amend its outstanding debt and waive all defaults and to enter into lockup agreements with the holders of at least
a majority of its debt within 17 days of the execution of the purchase agreement. Satmex also was asked to redeem or repurchase a sufficient percentage of its existing debt due in 2011 and 2013.
    EchoStar exercised its right to terminate the agreement after Satmex failed to meet this obligation.

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