DISH Announces Northstar Wireless Expected to be Granted Licenses With Aggregate Gross Winning Bids of $5.62B

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DISH Network Corp.
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 funds from a subsidiary of DISH toward the payment of the gross winning bids for the remaining licenses, which cover approximately 6.6 billion
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