Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events

Subsequent Events

14.Subsequent Events

On May 14, 2019, we and DISH Orbital II L.L.C (“DOLLC II”), an indirect wholly-owned subsidiary of DISH Network, entered into an agreement to sell our interests in the LMDS and MVDDS licenses in exchange for the EchoStar XVIII satellite, including its related in-orbit incentive obligations of approximately $18 million (the “Satellite and Spectrum Transaction”).

As the Satellite and Spectrum Transaction is among entities under common control, we will record the EchoStar XVIII Satellite at DOLLC II’s historical cost basis of $318 million.  The difference between the historical cost basis of EchoStar XVIII and our net carrying value of the LMDS and MVDDS licenses of $26 million, will result in a $293 million capital transaction that will be recorded in “Additional paid-in capital” on our Condensed Consolidated Balance Sheets during the second quarter of 2019.