...heard it said; "It is good to be King." DIS
Post# of 17650
Posted On: 01/30/2015 10:41:13 PM
...heard it said; "It is good to be King."
DISH Surprise Winner in Wireless Spectrum Auction -- 2nd Update
Today : Friday 30 January 2015
Click Here for more AT&T Charts.
By Thomas Gryta, Ryan Knutson and Shalini Ramachandran
AT&T Inc. topped all bidders in the government's record setting auction of wireless licenses. But it is Dish Network Corp. that may have pulled off the biggest coup.
The satellite TV broadcaster, working with partners including BlackRock Inc., beat out wireless market leader Verizon Communications Inc. for licenses in New York, Chicago and Boston; won 700 of the more than 1,600 licenses on offer; and came in second with $13.3 billion worth of bids.
More notable: Dish will only have to pay about $10 billion for the spectrum, because its bidding came via partnerships that got more than $3 billion in discounts that the FCC has aimed at small businesses.
Dish's aggressive showing deepens the intrigue over Chairman Charlie Ergen's designs on the wireless business. The company and Mr. Ergen have amassed a trove of valuable wireless spectrum the past several years, but the company doesn't have a cellphone network or an agreement with another carrier that would allow it to start selling wireless plans.
The satellite broadcaster declined to comment on its performance in the auction, citing FCC anticollusion rules that don't lift for several more days. "The auction's success is a win for the FCC, the American Taxpayer, the Public Safety community and small business," the company said in a statement.
Dish worked with a number of partners in the auction, including BlackRock and former FCC wireless chief John Muleta, which bid with the company in an entity called SNR Wireless LicenseCo LLC, and Mr. Ergen himself, who was among the partners in another entity called Northstar Wireless LLC.
In filings with the FCC, both entities described themselves as a "very small business." Northstar has an address in Fairbanks, Alaska; SNR's address is in Falls Church, Va.
Roger Sherman, Chief of the FCC's Wireless Telecommunications Bureau said in a blog post Thursday that applications by the winnings bidders will be scrutinized and the FCC will make sure that "each applicant has complied with the commission's bidding credit rules."
Verizon committed to pay $10.4 billion for 181 licenses. AT&T Inc. spent $18.2 billion for 251 licenses and T-Mobile US Inc. paid $1.8 billion for 151. Sprint Corp. didn't participate.
DISH Surprise Winner in Wireless Spectrum Auction -- 2nd Update
Today : Friday 30 January 2015
Click Here for more AT&T Charts.
By Thomas Gryta, Ryan Knutson and Shalini Ramachandran
AT&T Inc. topped all bidders in the government's record setting auction of wireless licenses. But it is Dish Network Corp. that may have pulled off the biggest coup.
The satellite TV broadcaster, working with partners including BlackRock Inc., beat out wireless market leader Verizon Communications Inc. for licenses in New York, Chicago and Boston; won 700 of the more than 1,600 licenses on offer; and came in second with $13.3 billion worth of bids.
More notable: Dish will only have to pay about $10 billion for the spectrum, because its bidding came via partnerships that got more than $3 billion in discounts that the FCC has aimed at small businesses.
Dish's aggressive showing deepens the intrigue over Chairman Charlie Ergen's designs on the wireless business. The company and Mr. Ergen have amassed a trove of valuable wireless spectrum the past several years, but the company doesn't have a cellphone network or an agreement with another carrier that would allow it to start selling wireless plans.
The satellite broadcaster declined to comment on its performance in the auction, citing FCC anticollusion rules that don't lift for several more days. "The auction's success is a win for the FCC, the American Taxpayer, the Public Safety community and small business," the company said in a statement.
Dish worked with a number of partners in the auction, including BlackRock and former FCC wireless chief John Muleta, which bid with the company in an entity called SNR Wireless LicenseCo LLC, and Mr. Ergen himself, who was among the partners in another entity called Northstar Wireless LLC.
In filings with the FCC, both entities described themselves as a "very small business." Northstar has an address in Fairbanks, Alaska; SNR's address is in Falls Church, Va.
Roger Sherman, Chief of the FCC's Wireless Telecommunications Bureau said in a blog post Thursday that applications by the winnings bidders will be scrutinized and the FCC will make sure that "each applicant has complied with the commission's bidding credit rules."
Verizon committed to pay $10.4 billion for 181 licenses. AT&T Inc. spent $18.2 billion for 251 licenses and T-Mobile US Inc. paid $1.8 billion for 151. Sprint Corp. didn't participate.
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