Featured Mobileburn Video

Verizon Wireless interested in buying up Dish's spectrum

Rumors by Andrew Kameka on Friday June 20, 2014.

verizon · rumors · rim news · blackberry news · carrier news · andrew kameka

Please note that this story is based upon rumor and/or speculation.
Sponsored links, if any, appear in green.

Dish Network has accumulated a great deal of frequency licenses that it had hoped to use to launch a wireless network or acquire and pair with an establish player like Sprint or T-Mobile. Such a deal never materialized, so Dish is reportedly looking to earn some money for that unused spectrum by selling it to Verizon Wireless.

The New York Post cites sources as that say Verizon and Dish have held informal talks about a possible sale, though there's nothing concrete in place at the moment. There were previously rumors that Verizon might acquire Dish for $27 billion; however, Verizon quickly shot down those notions because it did not wish to get into the satellite TV business. Sources for the Post claim Verizon is strictly interested in Dish's spectrum holdings, which analysts value at $17 billion at its peak, but the final selling price could be lower.

Verizon might have to pay that premium price because Dish is believed to pondering a bid for T-Mobile US before Sprint and Softbank make their own run at the nation's fourth-place carrier. Dish has to use its spectrum by 2017 or risk the licenses reverting back to the government. If a deal with T-Mobile cannot be reached and Dish CEO Charlie Ergen decides building a wireless network from scratch isn't worthwhile, cashing in now through a sale to Verizon might be ideal.

source: New York Post, via: Reuters

blog comments powered by Disqus

Related Stories