Satellite television company EchoStar Communications Corp says that Donaldson, Lufkin & Jenrette Securities Corp, BT Alex. Brown, and Unterberg Harris, the underwriters of the company’s Oct. 30, 1997 offering of 3.1 million shares of class A common stock (CI No 3,280) have exercised their option to purchase an additional 294,787 shares at the public offering price of $19.50. The net proceeds to the Englewood, Colorado company from the stock offering together with the over-allotment exercise are roughly $63.3m. The money will be used to fund the expansion of EchoStar’s direct broadcast satellite system subscriber base, marketing expenses and general corporate purposes.
