Dish DEs Get Time Extension To Make Financial Arrangements for Additional Payment for AWS-3 Licenses
The FCC gave the two Dish-affiliated designated entities two more weeks to Oct. 1 to submit an additional payment or the irrevocable, standby letter of credit (LOC) for the spectrum they bought in the AWS-3 auction. Thursday was the original…
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deadline. The FCC last month denied bidding credits for SNR and Northstar and ordered them to pay an additional $3.3 billion for the spectrum, bringing the tally to $13.3 billion (see 1508180062). Dish was the second highest bidder, after AT&T, in the record-setting AWS-3 auction. The DEs sought the time extension, saying the order “gives rise to new and complex business issues that Applicants must resolve before they can meet the payment or LOC requirements.” The FCC disagreed. Nonetheless “we appreciate that the Applicants may need additional time to resolve certain matters given the unprecedented size and complexity of their financial arrangements and contractual obligations with DISH,” the FCC said Thursday. If the two DEs offer LOCs instead of payment, the due date for writing a check to the government remains Dec. 16, the FCC said.