TELECOM Digest OnLine - Sorted: EchoStar To Purchase Satellite from Cablevision

EchoStar To Purchase Satellite from Cablevision

Monty Solomon (
Thu, 20 Jan 2005 22:26:19 -0500

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Jan. 20, 2005--EchoStar
Communications Corporation (NASDAQ:DISH) announced today that it has
agreed to purchase certain satellite assets from Rainbow DBS Co., a
subsidiary of Cablevision Systems Corporation (NYSE:CVC), for $200

Specifically, EchoStar has agreed to purchase Rainbow 1, a direct
broadcast satellite (DBS) located at 61.5 degrees West Longitude,
together with the rights to 11 DBS frequencies at that location. The
satellite includes 13 frequencies, up to 12 of which can be operated
in "spot beam" mode.

The EchoStar III satellite also located at 61.5 degrees West Longitude
broadcasts DISH Network TV programming to hundreds of thousands of
consumers today using DBS spectrum controlled by EchoStar at that
location. EchoStar is assessing how the Rainbow satellite's
flexibility can best be utilized to enhance DISH Network's existing
service. Also, as part of the transaction with Cablevision, EchoStar
will acquire ground facilities and related assets in Black Hawk, S.D.
The transaction is subject to review by the Federal Communications
Commission and other regulatory agencies.


Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Next message: Monty Solomon: "Sony Video Chief Admits Strategic Mistakes"
Go to Previous message: Monty Solomon: "Review: Microsoft Anti-Spyware Ineffective"
TELECOM Digest: Home Page