As expected, the FCC voted unanimously to deny $3.33 billion in bidding credits to two Dish Network affiliates that won airwaves in the AWS-3 spectrum, but it's still unclear how Dish will respond.
Dish Network Chairman and CEO Charlie Ergen said that the FCC's likely decision to deny $3.33 billion in bidding credits to two Dish affiliates that won airwaves in the AWS-3 spectrum auction was the largest hurdle to any deal between Dish and T-Mobile US.
T-Mobile US said it now expects to add 3.4 million to 3.9 branded postpaid net customers in 2015, up from the company's previous guidance of between 3 million and 3.5 million, which it issued in April.
Dish Network confirmed the FCC is poised to deny $3.33 billion in bidding credits to two affiliates that won airwaves in the AWS-3 spectrum auction that ended in January, dealing a financial blow to Dish.
Dish Network's stock slipped following a report that said its deal talks with T-Mobile US had stalled and a separate report indicating that the FCC is planning to reject $3.3 billion in spectrum bidding credits for two companies affiliated with the satellite TV provider. Dish's shares were down more than 3 percent in late-afternoon trading.
WASHINGTON—The FCC voted 3-2 to approve new competitive bidding rules for spectrum auctions that the majority of the commissioners at the agency said would block the kind of bidding strategy that Dish Network employed during the AWS-3 spectrum auction.
How did the wireless industry perform in the second quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.
T-Mobile US' new family plan promotion will likely put more pressure on its network capacity and speed up the timeframe for when it needs to make a deal with another company, according to financial analysts.
Speculation is still rife that Dish Network and T-Mobile US will forge some kind of deal, but Dish CEO Charlie Ergen said that he does not feel any pressure to make any kind of deal, though he declined to comment directly on a transaction with T-Mobile. "We're not feeling any pressure to do anything," Ergen said in an interview with the Denver Business Journal.
FCC Chairman Tom Wheeler has circulated to his fellow commissioners new competitive bidding rules for spectrum auctions that would block the kind of bidding strategy that Dish Network employed during the AWS-3 spectrum auction. The proposed rules would cap for the first time amount of bidding credits small businesses and so-called "designated entities" could get in auctions at $150 million.