Sept 30 (Reuters) - DIRECTV:

* DIRECTV TO BUY ECHOSTAR'S VIDEO DISTRIBUTION BUSINESSES

INCLUDING DISH TV AND SLING TV

* DIRECTV: ESTIMATES COMBINATION HAS POTENTIAL TO GENERATE

COST

SYNERGIES OF AT LEAST $1 BILLION PER ANNUM

* DIRECTV: AT CLOSE, ECHOSTAR WILL HAVE REDUCED TOTAL CONSOL

DEBT

BY $11.7 BILLION AND CUT ITS CONSOL REFINANCING NEEDS THROUGH

2026 BY $6.7 BILLION

* DIRECTV: DISH AND DIRECTV HAVE COMMENCED EXCHANGE OFFER

FOR 5

DIFFERENT SERIES OF DISH NOTES WITH TOTAL FACE VALUE OF ABOUT

$9.75 BILLION

* DIRECTV: DEAL IN EXCHANGE FOR NOMINAL CONSIDERATION OF $1

PLUS

ASSUMPTION OF DISH NET DEBT

* DIRECTV: CO, TPG ANGELO GORDON, SOME CO-INVESTORS TO

PROVIDE

$2.5 BILLION OF FINANCING TO ECHOSTAR TO FULLY REFINANCE DISH'S

NOV 2024 DEBT MATURITY