Dish's Restricted Spectrum Buy Not Handcuff, Wells Fargo Analyst Says
Dish Network's buying of reserved spectrum in the broadcast incentive auction doesn't unduly limit the company's options, said Wells Fargo analyst Marci Ryvicker in a note to investors Wednesday. Reserve spectrum comes with six-year limits on assignment, transfer or lease…
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of licenses, but Dish has options for some kind of deal with incumbent operators like Verizon or T-Mobile, Wells Fargo said. It said the reserve requirement wouldn't come into play in a total company transaction since the FCC usually looks at total spectrum holdings, not the origin of the spectrum unless the seller is a designated entity. Wells Fargo also said a deal could be structured so the reserved spectrum sits in a holding company unused for six years.