Actionable news
0
All posts from Actionable news
Actionable news in DISH: DISH Network Corporation,

DISH Network: Dish Statement On Aws-3 Spectrum

The following excerpt is from the company's SEC filing.

ENGLEWOOD, Colo., Oct. 1, 2015

DISH Network Corp. (NASDAQ: DISH) today issued the following statement providing an update on AWS-3 Spectrum.

The following remarks can be attributed to R. Stanton Dodge, DISH executive vice president and general counsel:

Today, the two entities in which DISH invested with respect to the AWS-3 auction Northstar Wireless and SNR Wireless entered into a series of arrangements in connection with which the FCC will retain certain licenses for which Northstar and SNR were the winning bidders, and the FCC will apply funds already on deposit and newly-loaned fun ds from a subsidiary of DISH toward the payment of the gross winning bids for the remaining licenses, which cover approximately 6.6 billion MHz-POPs.

As a result of these arrangements:

Northstar Wireless is expected to be granted licenses with aggregate gross winning bids of $5.62 billion, covering approximately 3.7 billion MHz-POPs. The licenses retained by the FCC have aggregate gross winning bids of $2.2 billion and cover approximately 690 million MHz-POPs. Northstar Wireless is expected to maintain 84% of the original MHz-POPs.

SNR Wireless is expected to be granted licenses with aggregate gross...


More