EchoStar Communications Corporation Confirms Record Date and Quarterly Return Amount for the 6-3/4% Series C Cumulative Convertible Preferred Stock
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Jan. 15, 1999--EchoStar Communications Corporation (Nasdaq: DISH, DISHP) has confirmed a January 15, 1999, record date in connection with payment of the Quarterly Return Amount on the Company's 6-3/4% Series C Cumulative Convertible Preferred Stock ("Series C Preferred Stock"), in accordance with the terms pursuant to which the Company issued the Series C Preferred Stock.
The Quarterly Return Amount, equal to $0.84375 per share, will be paid in cash as of February 1, 1999. There are presently 2.3 million shares of Series C Preferred Stock outstanding.
EchoStar Communications Corp., includes three interrelated
business units:
o DISH Network™ is EchoStar's state-of-the-art DBS system that
offers customers over 300 channels of digital video and CD-quality
audio programming, fully MPEG-2/DVB compliant hardware, installation,
financing and leasing.
o EchoStar Technologies Corporation (ETC, formerly HTS™ -
Houston Tracker Systems, Inc.), designs, manufactures and distributes
DBS set-top boxes, antennas and other digital equipment for DISH
Network and various international customers that include ExpressVu
Canada and Telefonica's Via Digital system in Spain. ETC also provides
uplink-center design, construction oversight and project-integration
services for customers internationally.
o Satellite Services provides the delivery of video, audio and
data services to business television customers and other satellite
users. These services include satellite uplink, satellite transponder
space-usage and other services. Satellite Services also administers
SKY VISTA, a direct broadcast satellite service offering up to 27
channels of popular digital satellite television programming to
viewers in Alaska, Hawaii, Puerto Rico and the U.S. territories in the
Caribbean.
DISH Network currently serves over 1.9 million customers. DISH
Network is a trademark of EchoStar Communications Corporation. HTS is
a trademark of Houston Tracker Systems, Inc. DISH Network is located
on the Internet at: www.dishnetwork.com
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CONTACT: EchoStar Communications Corporation Judianne Atencio Communications Director 303/723-2010 e-mail: judianne.atencio@echostar.com
KEYWORD: COLORADO INDUSTRY KEYWORD: ENTERTAINMENT COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS