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USA's Dish Network to Sell Radio Spectrum if Unable to Develop Own Network
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USA based Dish Network has said that it will sell its unused radio spectrum if the company is unable to find a partner to rollout its own mobile network.
The company recently launched a spoiler bid to buy a large stake in Clearwire, which had previously agreed to be bought by its majority shareholder, Sprint Nextel.
Late last year the company secured regulatory approval to refarm its satellite spectrum for use in a terrestrial network. The decision saw the freeing up 40 MHz of underutilized satellite spectrum for land-based mobile broadband, including LTE services.
"We would admit we failed and try a new approach," Chairman Charles Ergen said, if efforts to partner with a wireless company aren't effective. "We would hang a 'for sale' sign on the spectrum."
He also insisted that the company's offer for Clearwire was a viable one and that Dish is keep to partner with it in deploying their shared mobile network infrastructure.
The company acquired the spectrum assets when it bought the bankrupt TerreStar Corp. in 2010. It values the spectrum assets as worth "billions of dollars" if sold.
On the web: Bloomberg News
Tags: [dish network] [USA]
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