A witness for LightSquared told a U.S. Bankruptcy Court hearing that the company will likely get FCC approval to use its wireless spectrum by 2015, and that it may buy more airwaves.
The auction of the 1900 MHz PCS H Block officially ended Thursday afternoon, with total bids of $1.564 billion, exactly the reserve price. Although it is not yet official, Dish Network is likely going to be the winner of the airwaves.
BARCELONA, Spain--For Dish Network Chairman Charlie Ergen, it may be a case of "once bitten, twice shy." Ergen said he would stay out of a potential bid by Sprint for T-Mobile US.
The auction of the 1900 MHz PCS H Block, which has dragged on for longer than analysts thought it would, now appears to be entering its last days--and Dish Network is still likely going to be the winner of the airwaves.
The auction of the 1900 MHz PCS H Block is starting to wind down, and Dish Network still appears poised to walk away with the spectrum, according to a financial analyst. Based on current activity, the auction will likely end sometime in the next few days.
The auction of the 1900 MHz PCS H Block is one week old but it's already becoming apparent to analysts that Dish Network is set to capture the spectrum in short order, an outcome that many saw as inevitable. The question now is, if and when Dish wins control of the airwaves, what it might do with another 10 MHz chunk of spectrum.
The start of the 600 MHz broadcast TV spectrum incentive auctions may have been pushed from this year to the middle of 2015, but the fight to define rules that might restrict the ability of Verizon Wireless and AT&T Mobility to acquire airwaves in the auctions rages on. Last week, representatives from Sprint, T-Mobile US, U.S. Cellular, Dish Network and a wide array of associations and public interest groups met with FCC officials and urged for those restrictions.
The FCC is launching its first significant auction of wireless spectrum in six years Wednesday, with the auction of the 1900 MHz PCS H Block, in a sparsely populated sale in which Dish Network is the lead bidder for the airwaves.
Sprint parent SoftBank has engaged in direct talks with T-Mobile US parent Deutsche Telekom to try to iron out a deal between Sprint and T-Mobile, according to a Bloomberg report.
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