Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events

Subsequent Events

11.Subsequent Events

6 3/8% Senior Notes due 2011

On October 3, 2011, we redeemed the remaining $915 million principal balance of our 6 3/8% Senior Notes due 2011.

Dividend

On November 1, 2011, the board of directors of DISH declared a dividend of $2.00 per share on its outstanding Class A and Class B common stock. The dividend will be payable in cash on December 1, 2011 to shareholders of record on November 17, 2011.  If the dividend was based on the number of shares of DISH’s Class A and B common stock outstanding as of October 31, 2011, DISH would distribute approximately $892 million in cash to its shareholders.  Prior to December 1, 2011, we intend to pay a dividend in cash to DISH to fund all of the dividend that DISH will pay its shareholders and other potential DISH cash needs.

Sprint Settlement Agreement

On November 3, 2011, DISH and Sprint Nextel Corporation (“Sprint”) entered into a mutual release and settlement agreement (the “Sprint Settlement Agreement”) pursuant to which all disputed issues relating to DISH’s acquisition of DBSD North America and the TerreStar Transaction were resolved between DISH and Sprint, including, but not limited to, issues relating to costs allegedly incurred by Sprint to relocate users from the spectrum now owned by DBSD North America and TerreStar (the “Sprint Clearing Costs”).  EchoStar was a party to the Sprint Settlement Agreement solely for the purposes of executing a mutual release between it and Sprint relating to the Sprint Clearing Costs.  EchoStar is currently a holder of certain TerreStar debt instruments.  Upon full performance of the parties’ monetary and non-monetary obligations under the Sprint Settlement Agreement, which is expected to occur in the fourth quarter 2011, DISH will have made a net payment to Sprint of approximately $114 million.