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Old 15th October 2009, 03:56 PM
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EchoStar Seeks $1.1 Billion in Broadband Stimulus Funding

EchoStar Seeks $1.1 Billion in Broadband Stimulus Funding

EchoStar has filed applications with the U.S. government seeking more than $1.1 billion in broadband stimulus money for several projects and partnerships, the company announced.
EchoStar formed a cooperative satellite broadband project with ViaSat Inc. to apply for $483 million in stimulus money to build a new satellite. EchoStar and ViaSat said they would each invest between $36 million and $114 million toward the spacecraft, depending on how much in stimulus money is granted to them, if any.

The satellite would provide download speeds of up to 8 megabits per second in all or parts of 20 states west of the Mississippi River, including Colorado, the application said. The project is estimated to cost $519 million and is expected to create or save 450 jobs during the satellite’s construction and another 2,650 jobs during the satellite’s 15-year life expectancy.

EchoStar also partnered with WildBlue to form EchoBlue Rural — a partnership project seeking $530 million in stimulus loans and grants to build and launch a 10 mbps satellite serving at least 1.5 million rural households. WildBlue has been trying to finance a similar project on its own for several months.
EchoStar has also applied for $100 million in loans and grants to start broadband services on existing EchoStar satellites used for Dish Network television, reaching as many as 426,104 people.

The American Recovery and Reinvestment Act, passed in February, made $7.2 billion available to extend high-speed Internet to homes, businesses, schools and public institutions that lack it or are in underserved areas.
According to the U.S. Department of Agriculture’s Rural Utilities Services information Web site, about 2,200 companies have applied for more than $28 billion in projects for the $4 billion in first round of funding, which will be awarded in November.
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Old 15th October 2009, 07:19 PM
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can't be good for the FTA world
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Old 15th October 2009, 07:34 PM
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Damn,
Keep giving money to the rich, I have a tiny CO. that I have had to lend money to to keep the doors open, I can't get a dime, Can't keep giving away money, that they have to borrow...
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Old 16th October 2009, 09:52 PM
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They will be happy when they own 90% of the Television and broadband services.Then the regular John Doe will be just be screwed!!!!
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Old 16th October 2009, 10:20 PM
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they don't deserve one penny
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Old 16th October 2009, 11:05 PM
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Originally Posted by eminem1 View Post
they don't deserve one penny
You Got that right!!!!
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Old 19th October 2009, 12:46 PM
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Originally Posted by eminem1 View Post
they don't deserve one penny
The price that companies like Wild Blue and Hughes Net charge are ridiculous.I can't wait to see what they will charge now after Dish has their hands further into the pie.
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Old 20th October 2009, 12:35 AM
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they already rich they pay it all b y themselves. They are going to this just get more rich. If they were giving the service for free then they deserve the money. Which they are not going to do. So they don't deserve one penny.
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