Dish Network Corp (DISH.O) is figuring out next steps as it awaits a decision by U.S. regulators on its eligibility for a discount in a recent airwaves auction, executives said on Wednesday, after the company posted a significantly higher-than-expected quarterly profit.Federal Communications Commission officials told Dish last month that a staff review of the auction, which ended in January, found Dish affiliates SNR and Northstar ineligible for $3.3 billion in small-business discounts.Following the record-setting $45 billion auction, FCC officials reviewed $13.3 billion of winning bids by SNR and Northstar. A rejection of the discount would mean SNR and Northstar would have to pay $3.3 billion back to the FCC to keep the spectrum licenses they won in the auction.If the FCC decides against Dish, Chief Executive Charlie Ergen said on a call with analysts, the company and its affiliates will be left with three options: filing a lawsuit, not paying the money and incurring a penalty, or paying back the discount."I don't know exactly whether you would pay and then sue or just sue," Ergen said. "I don't think we know until we see the order."
Dish hasn't done a single thing right towards business continuation in the last 10 years. Buying companies and such with big plans, and then not following through and dumping them later isn't a good plan. But he keeps doing it over and over...
I don't know WTF is going on with Charlie, but he seems to have lost follow-through to his initial direction/schemes. It appears he knows he needs to do SOMETHING to hold onto business, or generate new business, but he's not quite sure what that is...
He certainly is real good at alienating his present subscriber base though...
http://www.denverpost.com/business/...reject-dish-entities-spectrum-discount-claims
During the last cell phone spectrum auction Dish used 2 small companies to bid for it to get discounts of around 3.3 billion. Now the FCC is considering forcing Dish to pay the full price or possibly invalidate the bids.
None of the dish mergers seem to workI just read that Charlie says because of the FCC ruling over the bandwith sold at a discount will not be allowed, the merger with T-mobile is effectively DEAD. So here we are again with no dance partner. With only 1 year and a half left to use the bandwith or lose it , I guess Charlie will sell the bandwith since he has no partner to use it with. Too bad. I wanted that T-mobile merger to go through.
The common denominator in every failed merger attempt has been Charlie Ergen. So there you go.None of the dish mergers seem to work
I agree entirely.Dish should sue. It's not fair to change the rules AFTER the auction. Take the hit and learn for the future.
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Have other groups used "small proxies" to get discounts? I have no idea.I agree entirely.
To get the discounts?ATT and Verizon both have in this auction and in years past.
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