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EXHIBIT 99.1
ECHOSTAR COMMUNICATIONS CORPORATION ANNOUNCES THE INCREASE AND COMPLETION OF THE
144A SENIOR NOTES OFFERING BY ECHOSTAR BROADBAND CORPORATION
LITTLETON, Colo.--Sept. 25, 2000--EchoStar Communications Corporation
(Nasdaq: DISH, DISHP) today announced that its wholly owned subsidiary,
EchoStar Broadband Corporation, increased its previously announced offering
of Senior Notes due 2007 from $600 million to $1 billion, and that the
offering closed September 25, 2000. The notes will bear interest at an
annual rate of 10 3/8% and will mature on October 1, 2007. The net proceeds
of the offering are expected to be used to fund capital expenditures in
connection with the construction, launch, and insurance of additional
satellites or for other general corporate purposes (including potential
strategic acquisitions).
DISH Network is EchoStar's state-of-the-art direct broadcast satellite
system with the capacity to offer customers 500 channels of digital video
and CD-quality audio programming as well as fully MPEG-2/DVB compliant
hardware and installation. DISH Network, a trademark of EchoStar
Communications Corporation, currently serves over 4.3 million customers
nationwide. EchoStar is included in the Nasdaq-100 Index (NDX) which
contains the largest non-financial companies on the Nasdaq Stock Market. For
more information, contact 1-800-333-DISH (3474) or visit
www.dishnetwork.com.
CONTACT: EchoStar Communications Corp.
Judianne Atencio, Director of Communications
303/723-2010
[email protected]
