EchoStar has announced the completion of its $26 billion acquisition of DISH Network. The deal combines two of the nation's largest providers of satellite and wireless services into one telecoms giant.

Under the terms of the agreement, DISH Network has become a wholly owned subsidiary of EchoStar. All outstanding shares of DISH Network's common stock have been converted into shares of EchoStar stock, valuing the transaction at approximately $26 billion. The conversion rate for...