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News Breaks
March 27, 2014
06:18 EDTDISHDish Network's Ergen says LightSquared proposal treats him unfairly, WSJ says
Dish Network Chairman Charles Ergen said he fears he won't be paid in full for his claims in the reorganization of LightSquared, reports the Wall Street journal. Ergen opposes the reorganization proposal seeking approval of its Chapter 11 restructuring plan. Ergen said he thinks the value is "severely reduced" and the collateral does not cover his investment. Reference Link
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August 1, 2014
16:19 EDTDISHFCC proposes rules that may limit joint bidding in spectrum auctions
Roger Sherman, Wireless Telecommunications Bureau Chief, stated in a blog post that FCC Chairman Wheeler circulated a proposal to open new opportunities for small and growing businesses in the mobile marketplace with the purpose of providing "innovative, smaller companies the opportunity to build wireless businesses that can spur additional investment and bring more choices to consumers." The Notice of Proposed Rule Making being circulated proposes to update FCC rules in a way that "recognizes and confronts the challenges new entrants face in entering the wireless industry," Sherman said, adding "Perhaps most importantly, the NPRM recognizes the challenge of entering into a marketplace in which more than 95% of existing customers are served by the top four providers." Sherman wrote: "The proposal addresses another important issue also linked to the trend towards consolidation in the wireless industry. We must make sure that the biggest providers are not able to limit broad participation in the spectrum auction. As promised in the Mobile Spectrum Holdings Report and Order, we now seek comment on whether and how we should restrict the ability of wireless companies to combine their bids during an auction." Companies that may be impacted by FCC efforts to limit joint bidding on spectrum include Sprint (S), T-Mobile (TMUS), Verizon (VZ), AT&T (T), DirecTV (DTV) and DISH (DISH). Reference Link
July 30, 2014
11:43 EDTDISHDish Network August volatility elevated into Q2 and outlook
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