DISH Network Corporation (NASDAQ: DISH) issued the following statement today regarding Canadian approval of the TerreStar license transfer request:
"DISH is pleased to announce that Industry Canada has approved the transfer of the Canadian spectrum licenses held by TerreStar to DISH. In granting its approval, Industry Canada reached the conclusion that the transfer would be in the public interest in light of 'the capacity that would be available in Canada,' among other reasons.
U.S. bankruptcy courts approved DISH's acquisition of the spectrum licenses held by TerreStar and DBSD in the middle of 2011.
DISH is prepared to immediately close both transactions upon receiving Federal Communications Commission approval of the transactions and associated waiver requests, which will enable DISH to move forward with its planned wireless initiatives.
DISH believes that immediate Commission approval will be a win for consumers, competition, infrastructure investment, and American jobs."
About DISH Network
DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network L.L.C., provides approximately 13.945 million satellite TV customers, as of Sept. 30, 2011, with the highest quality programming and technology with the most choices at the best value, including HD Free for Life. Subscribers enjoy the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network's subsidiary, Blockbuster L.L.C., delivers family entertainment to millions of customers around the world. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.