Finally, Hope for a (Small) Spectrum Auction
One of the must-pass pieces of legislation left for this Congress is the National Defense Authorization Act (NDAA). The current draft now includes a provision that would appropriate $3 billion for the Rip and Replace program designed to help small telecom companies remove and replace equipment purchased from Chinese telecommunications equipment companies, equipment Congress believes creates national security risks. The legislation funds the appropriation by allowing the FCC to conduct a one-time auction for AWS-3 spectrum licenses. In this note, we provide background on the licenses proposed to be auctioned, the prospects for the legislation, and the impact of the proposed auction on the specific companies, including a potential but unlikely financial issue for DISH, and the future of spectrum auction policy.DISH Network is a holding company. Through its subsidiaries, the company operates two business segments: Pay-TV and Wireless. The company provides pay-TV services under: the DISH? brand, which consists of, among other things, Federal Communications Commission licenses authorizing the company to use direct broadcast satellite and Fixed Satellite Service spectrum, the company's owned and leased satellites, and certain other assets utilized in the company's operations; and the Sling? brand, which consists of, among other things, live-linear streaming over-the-top Internet-based domestic, international and Latino video programming services. In addition, the company invests to acquire certain wireless spectrum licenses and related assets.
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