- The Major League Soccer season is just around the corner and DISH Network customers can follow their favorite teams when they subscribe to MLS Direct Kick, starting onth March 19. MLS Direct Kick features out-of-market games that customers wouldn't normally have the ability to watch, including up to 221 regular season and select playoff games — a 30 percent increase in game coverage over last year — ensuring fans won't miss a second of the action. MLS Direct Kick is available on DISH Pay-Per-View on Channels 454 — 467. Also of interest should be that DISH Network has received an approval from a U.S. bankruptcy court to acquire a 100 percent stake of DBSD North America Inc. ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) ("ICO") announced it has entered into a Restructuring Support Agreement and Implementation Agreement with DISH Network Corporation. Pursuant to these agreements, ICO has agreed to support a proposed amended Investment Agreement between DISH and ICO's subsidiary, DBSD North America, Inc. ("DBSD"), has granted to DISH options to acquire certain ICO assets, and has agreed to grant to DBSD certain spectrum priority rights. These agreements do not diminish or otherwise alter ICO's obligations to Jay & Jayendra (Pty) Ltd, nor do they affect in any manner ICO's ongoing litigation with The Boeing Company and its subsidiary, Boeing Satellite Services, Inc. ICO retains all rights to such litigation. Under the terms of the amended Investment Agreement and related plan of reorganization, DISH will offer to purchase all of the outstanding secured debt in DBSD and will agree to pay all outstanding unsecured creditor claims in full. As consideration for ICO's commitments under these agreements, DISH will pay ICO approximately $324.5 million, with $35 million paid within five days after Bankruptcy Court approval of the amended Investment Agreement, and all but $10 million of the remainder paid approximately thirty days after such approval.
Satnews Daily
March 17th, 2011
Of Interest to SatBroadcasting™ Professionals...
