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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 28, 2001
ECHOSTAR COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in charter)
NEVADA 0-26176 88-0336997
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5701 S. SANTA FE DRIVE
LITTLETON, COLORADO 80120
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 723-1000
ITEM 5. OTHER EVENTS
EchoStar completes $50 million investment in StarBand Communications
Inc. See press release attached as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ECHOSTAR COMMUNICATIONS CORPORATION
Dated: September 28, 2001 By: /s/ Michael R. McDonnell
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Michael R. McDonnell,
Senior Vice President and Chief
Financial Officer
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INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press Release, dated September 27, 2001, issued by EchoStar
Communications Corporation announcing completion of $50
million investment in Starband Communications Inc.
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contacts:
Judianne Atencio Marc Lumpkin Sandy Colony
Communications Director Communications Manager Vice President, Communications
ECHOSTAR COMMUNICATIONS CORP. ECHOSTAR COMMUNICATIONS CORP. STARBAND COMMUNICATIONS
303/723-2010 303/723-2020 703/245-6410
EMAIL: JUDIANNE.ATENCIO@ECHOSTAR.COM EMAIL: MARC.LUMPKIN@ECHOSTAR.COM SANDY.COLONY@STARBAND.COM
ECHOSTAR COMPLETES $50 MILLION INVESTMENT IN STARBAND
LITTLETON, COLO., AND MCLEAN, VA. - SEPT. 27, 2001 - EchoStar Communications
Corporation (Nasdaq: DISH) and StarBand Communications Inc. today announced that
they have completed their agreement that increases EchoStar's financial
investment in StarBand by an additional $50 million in cash. This agreement was
previously announced on July 11, 2001. This increases EchoStar's equity stake in
StarBand to approximately 32 percent, which will further increase to
approximately 60 percent upon commencement of the construction of a next
generation satellite to be allocated for the StarBand service. EchoStar, the
parent company of DISH Network(TM), the nation's fastest growing pay television
provider, originally invested $50 million in StarBand in April 2000, and is one
of the largest distribution channels for StarBand - the nation's first two-way,
always-on, high-speed satellite-delivered Internet service. This agreement
continues EchoStar's strategy to offer a complete bundled package of Internet,
programming and interactive television services to its more than 6 million U.S.
DISH Network customers.
ABOUT STARBAND
StarBand Communications Inc. is America's first nationwide provider of two-way,
always-on, high-speed Internet access via satellite to residential customers.
Founded in early 2000, StarBand's investors and strategic partners include
EchoStar Communications Corporation, Gilat Satellite Networks Ltd., Microsoft
Corporation, and ING Furman Selz Investments. StarBand has exclusive rights to
Gilat's two-way high-speed Internet technology to consumers in the United States
and Canada. StarBand Communications is based in McLean, Virginia. Visit StarBand
at www.starband.com. StarBand is a trademark and service mark of StarBand
Communications Inc.
ABOUT ECHOSTAR
EchoStar Communications Corporation and its DISH Network offer a
state-of-the-art direct broadcast satellite TV system capable of offering over
500 channels of digital video and CD-quality audio programming, as well as fully
MPEG-2/DVB compliant hardware and installation.
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EchoStar is included in the Nasdaq-100 Index (NDX), which contains the largest
non-financial companies on the Nasdaq Stock Market. DISH Network currently
serves over 6 million customers. For more information, visit
www.dishnetwork.com.
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