EchoStar Corporation( Nasdaq SATS)(” EchoStar” or the” Company”) blazoned moment the completion of a series of strategic deals to further unleash incremental strategic, fiscal and operating inflexibility for its business following completion of its junction with DISH Network Corporation(” DISH Network”).

The junction itself combined DISH Network’s satellite technology, streaming services and civil 5G network with EchoStar’s premier satellite dispatches results, creating a global leader in terrestrial andnon-terrestrial wireless connectivity. The deals blazoned moment only further that ideal of realizing on the synergistic capabilities of the combined company, while also furnishing it with optimized strategic and backing inflexibility.

In connection with these strategic deals, DISH Network has transferred certain of its different unencumbered wireless diapason licenses, including AWS- 4, H- Block, CBRS, C- Band- Cheyenne, 12 GHz, LMDS, 24 GHz, 28 GHz, 37 GHz, 30 GHz and 47 GHz, under the marquee of a recently formed attachment, EchoStar Wireless HoldingL.L.C., a direct wholly- possessed attachment of the Company( the” Diapason Transfer”). DISH Network will continue to retain power of colorful other precious wireless diapason licenses, including 600 MHz, 700 MHz,3.45 GHz and AWS- 3, of which 700 MHz and AWS- 3 also remain unencumbered, and DISH DBS Corporation(” DBS”).

previous to the Spectrum Transfer, DBS, which offers pay- television services under the DISH ® brand and the SLING ® brand, designated a recently formed attachment of DISH Network LLC( the” DBS Subscriber Subsidiary”), DBS Intercompany ReceivableL.L.C., Sling TV Holding,L.L.C., Sling TV PurchasingL.L.C., Sling televisionL.L.C. and Sling television Gift Card Corporation as” Unrestricted Accessories” in agreement with, and in compliance with, the terms of the applicable indentures governing similar realities.

DBS Subscriber Subsidiary holds roughly3.0 million DISH television subscribers incontinently following the unrestricting of similar reality. DISH DBS expects to have ongoing access to a substantial portion of the net cash generated from its pay- television subscriber base, including those held at DBS Subscriber Subsidiary, for use in its business( including the business of DISH Network), including tode-lever its balance distance, enhance its debt maturity profile and for general commercial purposes, and the remainder of the DISH Network consolidated business will continue to operate innocent thereby.

DBS, in its capacity as” Lender” under the terms of the Loan and Security Agreement related to the term loan installation between DISH Network and DBS, has also perfected the assignment pursuant to similar terms, without any revision or correction thereto, of its receivable in respect of Tranche A thereunder( valued at roughly$4.7 billion) to DBS Intercompany ReceivableL.L.C. DBS Intercompany ReceivableL.L.C. has latterly assigned its rights as lender thereunder to EchoStar Intercompany Receivable CompanyL.L.C., a direct wholly- possessed attachment of the Company, similar that quantities owed in respect of Tranche A will now be paid by DISH Network to EchoStar Intercompany ReceivableL.L.C.

” This asset allocation enables EchoStar to more optimally place the necessary coffers for the prosecution of its strategic thing of getting the premier provider of terrestrial mobile, satellite connectivity, and content services” said Hamid Akhavan, President and Chief Executive Officer of EchoStar.

The Company has engaged Houlihan Lokey and White & Case LLP as fiscal and legal counsels, independently, to help the Company in assessing implicit strategic druthers
EchoStar Corporation( Nasdaq SATS) is a premier provider of technology, networking services, TV entertainment and connectivity, offering consumer, enterprise, driver and government results worldwide under its EchoStar ®, Boost Mobile ®, Boost horizonless, Sling television, DISH television, Hughes ®, HughesNet ®, HughesON ™, and JUPITER ™ brands. In Europe, EchoStar operates under its EchoStar Mobile Limited attachment and in Australia.

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