Charlie Ergen's Statement on Pending Legislation in Mexico
ENGLEWOOD, Colo., Feb. 11, 2014 /PRNewswire/ -- Charlie Ergen, Chairman of EchoStar Corporation, (NASDAQ: SATS), made the following comment in view of the proposed legislation on Must Carry, Must Offer being introduced in Mexico: "EchoStar has made a significant long-term investment in Mexico through its ownership (along with Grupo MVS) in DISH Mexico since 2008. Such investments were made on the belief that the Mexican government and regulatory authorities would ensure a competitive landscape and framework for subscription television providers operating in Mexico. Adoption of the Telecommunications Reforms in 2013 confirmed this path for EchoStar and has, for the first time, provided access to free broadcast TV channels for millions of Mexicans regardless of the pay television system that they may choose. Adoption of this historic law created the certainty for DISH Mexico's investors to move forward with making further investments in Mexico including the opening of a second customer care call center in Morelia Michoacán."
"As Congress prepares to consider the secondary legislation to implement the Must Carry, Must Offer requirements of the Telecommunications Reform Legislation, EchoStar trusts that the Mexican government will continue down its current path to ensure that Mexican consumers have the ability to watch free of charge their preferred free broadcast TV channels on any subscription television system they choose. Through such competitive actions, Mexico will continue to ensure the on-going development of a level playing field for subscription television providers. Such assurance will encourage further investment by competitive companies such as DISH Mexico, ultimately benefiting Mexican consumers with continued choice in pay television services."
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is the premier global provider of satellite operations and video delivery solutions. EchoStar's wholly-owned subsidiary, Hughes, is the world's leading provider of satellite broadband services, delivering network technologies and managed services for enterprise and government customers in more than 100 countries.
Headquartered in Englewood, CO, with additional business units world-wide, EchoStar is a multiple Emmy award-winning company that has pioneered advancements in the set-top box and satellite industries for nearly 30 years, consistently delivering value for customers, partners and investors through innovation and outstanding quality. Over the last three decades EchoStar's contribution to video technology has been a major influencer to shifts in the way consumers view, receive and manage TV programming.
EchoStar's consumer solutions include HughesNet®, North America's #1 high-speed satellite Internet service, Sling Media's Slingbox® products, and EchoStar's line of advanced digital video set-top box products for the European free satellite and terrestrial viewer markets. For more information please visit www.echostar.com.
SOURCE EchoStar Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article