 In 1987, EchoStar applied for a direct-broadcast satellite broadcast license with the FCC and was granted access to orbital slot 119° west longitude in 1992.On December 7, 2007, EchoStar announced that it would spin off its technology and infrastructure assets into a separate company under the EchoStar name, after which the remainder of the company would be renamed DISH Network Corporation.The spun-out EchoStar began trading on January 3, 2008.