Englewood-based EchoStar Corp. completed a merger with Dish Network Corp. Sunday. 

Dish Network comes out of the deal as a wholly owned subsidiary of EchoStar (NASDAQ: SATS). Each share of Dish Class A and Class C Common Stocks are now converted to .350877 shares of EchoStar Class A Common Stock, according to a news release. 

“The completion of this merger marks an important milestone for our company and our customers, launching a new era of connectivity,” said Charles Ergen, executive chairman of the board of EchoStar in the news release. “We have brought together two trailblazing companies with complementary portfolios to create a global connectivity leader with premier wireless, satellite, and video distribution capabilities.

“Together, EchoStar and DISH offer an enhanced consumer connectivity business and an unmatched enterprise managed services business. In a world that is increasingly wireless, we are well-positioned to drive revenue and profitable growth.”

The company’s headquarters remains in Englewood. The merger brings together Dish’s “satellite technology, streaming services and nationwide 5G network with EchoStar’s premier satellite communications solutions,” according to the release.

The Federal Communications Commission approved the merger last month, reuniting billionaire Ergen’s telecom empire to tackle growing competition from larger U.S. carriers.

Since spinning off EchoStar in 2008, Dish has looked to expand beyond satellite TV into streaming TV as well as mobile telecom services, but has faced stiff competition from bigger rivals, including AT&T and Verizon Communications.

The FCC said Ergen will beneficially own more than 90% of the voting stock and approximately 54% of equity of the recombined company.

“There is therefore no substantial change of ownership or control,” the FCC said in its approval order.

The all-stock deal combines Dish’s pay-TV business and its 5G network with EchoStar’s satellite infrastructure that serves retail, business and government clients, which, Ergen said in August, will boost their cash flow and reduce near-term capex needs.

Dish shareholders will own about 69% of the combined company and EchoStar shareholders the rest.