FCC says Dish can't use $3.3B in credits in airwaves auction
Source: AP
By TALI ARBEL
NEW YORK (AP) — The Federal Communications Commission says Dish Network Corp. can't apply $3.3 billion in small-business credits toward the purchase of airwaves it gained in a government auction.
The government sells spectrum to carriers like AT&T and Verizon so they can add more capacity for wireless Internet. Dish is a satellite TV company that has stocked up on airwaves although it has no cellphone business.
In the latest auction that ended in January, Dish won $10 billion worth of spectrum through two small companies it invested in. The small-business credit saved it $3.3 billion.
FULL short story at link.
Read more: http://bigstory.ap.org/article/013c632887034582ab2393ec36c222d3/fcc-says-dish-cant-use-33b-credits-airwaves-auction
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