EchoStar to Acquire Mexican Satellite Operator SATMEX (terminated)

Date: 26-Feb-2010

News Release

Satellite Services, L.L.C., a subsidiary of EchoStar Corporation (NASDAQ: SATS), and Satelites
Mexicanos, S.A. de C.V. (Satmex) announced today an agreement pursuant to which EchoStar will
acquire an ownership interest in Satmex. Satmex is Mexico's leading satellite operator and delivers
video, audio and data services to the Americas. MVS Comunicaciones, one of the largest media and
telecommunications companies in Mexico and EchoStar's partner in the fast growing Mexican
direct-to-home TV service Dish Mexico, will also participate in the ownership of Satmex through a
joint venture with EchoStar. Together, EchoStar and MVS Comunicaciones will acquire all of the
outstanding stock of Satmex.

Satmex will be acquired for approximately $267 million in cash, plus up to $107 million in cash on
Satmex's balance sheet at closing, resulting in total cash of up to $374 million available for
distribution to Satmex's stakeholders. The transaction is expected to close early in the third
quarter 2010.

Established in the mid 1980s as part of a government operation before becoming a commercial
organization, Satmex owns and operates three satellites and two satellite uplink facilities, and
has approximately 200 employees, which are all included as part of the transaction.

"We are pleased to make this announcement with EchoStar, a major provider of satellite services in
the United States with a significant and growing presence in Mexico," said Satmex CEO Patricio
Northland. "Our companies have common goals in delivering satellite communications services across
the Americas, and EchoStar has the dedication and expertise for continued growth."

"The Satmex acquisition provides us with a footprint over Mexico and South America and presents us
the opportunity to serve a growing global demand for satellite services," said Dean Olmstead,
president of EchoStar Satellite Services L.L.C. "We look forward to leveraging our satellite
operations and uplink expertise in North America to expand our fixed satellite services throughout
the Americas, including the delivery of satellite Internet to rural communities."

In connection with the sale, Satmex intends to offer to purchase all of its outstanding Senior
Secured Notes for cash upon the closing of the sale of the Satmex shares. The offer to purchase the
Senior Secured Notes and the sale of the shares are subject to the receipt of certain consents from
the holders of the Senior Secured Notes, including consents to modify or eliminate most of the
covenants in the indentures under which the Senior Secured Notes have been issued, and various
corporate approvals. The consummation of the sale of the Satmex shares is conditioned upon
successful completion of the offer to purchase the Senior Secured Notes.

The transaction is also contingent upon other closing conditions, including actions with respect to
the construction of a replacement satellite for Satmex 5, verification of the operational
capabilities of Satmex's in-orbit satellites, approvals under applicable U.S. export laws, and
completion of regulatory review and receipt of regulatory approvals.

There can be no assurance that the transaction will receive the requisite corporate approvals or
approvals from the Satmex bondholders, some of which have indicated that they are opposed to the
transaction. EchoStar may terminate the agreement under certain circumstances, including the
failure to obtain the requisite approval by the Satmex bondholders.

EchoStar's financial advisors are Deutsche Bank Securities and Peter J. Solomon Company. The
financial advisor for Satmex is Perella Weinberg Partners LP.

Additional Information
The tender offers described in this press release have not yet commenced, and this press release is
for informational purposes only and is not an offer to buy, or the solicitation of an offer to
sell, any securities. Satmex has not yet commenced any tender offer. Any tender offer will be made
only pursuant to an offer to purchase and related materials distributed by Satmex to
holders of securities. Security holders are strongly encouraged to read carefully the offers to
purchase, the letters of transmittal and any other related materials because they will contain
important information.

About Satmex Satelites Mexicanos, S.A. de C.V. is the leading satellite service provider in Latin
America. The Satmex fleet offers hemispheric and regional coverage throughout the Americas. Satmex
owns and operates three satellites for full-time and occasional services in both C- and Ku-Bands:
Solidaridad 2, Satmex 5 and Satmex 6. Thousands of users on the American continent, regardless of
region or culture, benefit from Satmex services in applications such as broadband, voice and data
transmission, and video broadcasting, among others. With over 30 years of experience and landing
rights in 46 countries and territories, Satmex offers creative business technology solutions to improve
the profitability of its customers. Satmex's priority is empowering its customers' businesses by
providing a service of excellence for every need, all the time, anywhere in the Americas.
Visit www.satmex.com.

About MVS Comunicaciones, After 30 years of experience, MVS Comunicaciones,
based in Mexico City, is a significant player in radio, television, broadband and publishing,
and is recognized for providing innovative services. MVS Multivision service was launched
in 1989 as the first television system with MMDS technology (microwave transmission)
that became one of the fastest growing systems in the world, offering exclusive programming
and the latest technologies. Since 2002, MVS Multivision has offered MASTV, a television
system accessible in Mexico, with 15 channels offered at competitive prices.
Visit  www.mvs.com.

About EchoStar Satellite Services, EchoStar Satellite Services L.L.C. is a wholly owned subsidiary
of EchoStar Corporation (NASDAQ: SATS) and provides a reliable network for aggregation and
distribution of video, audio and data domestically and internationally, including a joint venture
to deliver Dish Mexico direct-to-home satellite TV services. EchoStar also offers IPTV solutions
through its ViP-TV platform. EchoStar represents a significant source of Ku-band and Ka-band
satellite capacity and spacecraft operation services with nine satellites, ground-based teleport
facilities, and an expansive terrestrial backhaul network along with 24-hour Satellite Access
Centers. Visit  www.echostar.com.

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