Market Overview

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


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

See full press release

Posted-In: News Management Press Releases


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