|
|
Article: Satellite TV companies join to bid at FCC auction, save their futures.
- Article from:
- The Denver Post (Denver, CO)
- Article date:
- July 31, 2006
CopyrightCOPYRIGHT 2006 The Denver Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Kimberly S. Johnson
Jul. 31--When EchoStar Communications Corp. and DirecTV head to a Federal Communications Commission auction Aug. 9, they're not simply bidding on wireless airwaves but for survival in a broadband world.
The satellite TV companies have teamed up under the name Wireless DBS LLC to bid on licenses for Advanced Wireless Services spectrum.
The FCC auction of 1,122 licenses, each of which covers part of the country, is expected to raise up to $15 billion. Wireless DBS has made the largest upfront payment -- about $972 million -- of any bidder. Among the more than 160 bidders is SpectrumCo LLC, a partnership between Sprint ...