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LITTLETON,
Colo., Oct 31, 2002 (BUSINESS WIRE) -- In response to the announcement by
U.S. Department of Justice and State Attorneys General, EchoStar Chairman
and CEO, Charles Ergen, issued the following statement:
"I would like to personally thank all those, including our customers,
consumers, legislators, employees and numerous others, who during the past
year have supported this historic merger proposal. We also thank the
regulatory officials at the Department of Justice, FCC and the states who
worked diligently to analyze this complex merger and gave us the opportunity
to express our views. We continue to believe passionately that the merger of
EchoStar and Hughes is the best chance to stop rising cable prices and to
bring enhanced services to all Americans, especially those consumers living
in rural America. We are obviously disappointed that at this time we have
not been able to convince regulatory officials to share our vision. EchoStar
will continue to explore all possible means to be allowed to compete against
the cable giants and for more choice for all consumers."
Echostar
Communications Corporation and its DISH Network satellite TV system provide
over 500 channels of digital video and CD-quality audio programming, as well
as advanced satellite TV receiver hardware and installation nationwide.
EchoStar is included in the Nasdaq-100 Index (NDX). DISH Network currently
serves over 7.46 million customers. For more information, visit
www.dishnetwork.com. |