TITLE

Dolan, Satellite Duo Bail on Auction

AUTHOR(S)
Farrell, Mike
PUB. DATE
August 2006
SOURCE
Multichannel News;8/21/2006, Vol. 27 Issue 33, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Wireless DBS, a joint venture of DirecTV Group Inc. and EchoStar Communications Corp., stopped bidding on 1,122 Advanced Wireless Spectrum licenses in round 16 of the U.S. Federal Communications Commission auction. According to Citigroup cable and satellite analyst Jason Bazinet, the satellite carriers now could pursue an alternative wireless-broadband strategy, most likely a joint venture with Mobile Satellites, which holds several L-band spectrum licenses. After 26 rounds before pulling out, Spectrum Co. had 95 provisionally winning bids for a total of $1.5 billion.
ACCESSION #
22029288

 

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