Northstar Wireless and SNR Wireless, two DISH Network companies, have surrendered a part of their AWS-3 Spectrum to FCC.
The final winning bids for Northstar Wireless and SNR Wireless, two entities in which DISH invested with respect to the AWS-3 auction, will cover approximately 6.6 billion MHz-POPs.
The size of the winning bid to Northstar Wireless is $5.62 billion, covering approximately 3.7 billion MHz-POPs. The value of spectrum licenses retained by the FCC will be $2.2 billion covering approximately 690 million MHz-POPs. Northstar Wireless is expected to maintain 84 percent of the original MHz-POPs.
(1/5) Read my statement on the decision to deny bidding credits to SNR and Northstar: http://t.co/wLJyrOGeKE
— Tom Wheeler (@TomWheelerFCC) August 17, 2015
SNR Wireless will get licenses for $4.27 billion, covering approximately 2.9 billion MHz-POPs. FCC will retain the licenses worth $1.2 billion and cover approximately 629 million MHz-POPs. SNR Wireless is expected to maintain 82 percent of the original MHz-POPs.
DISH said the FCC initiative will not impact the eligibility of Northstar Wireless, SNR Wireless and DISH to participate in future auctions, including any re-auction of the AWS-3 licenses retained by the FCC.
DISH and Northstar Wireless and SNR Wireless are expected to have an average of approximately 75 MHz of spectrum nationwide, covering over 23 billion MHz-POPs.
Baburajan K
[email protected]
