Dish to sell spectrum if network plans fail
BY Wire Reports
Wednesday, February 13, 2013
2/13/13 at 2:37 AM
Dish Network Corp. will sell its spectrum if current plans to find a partner to create a wireless network don't work, Chairman Charles Ergen says.
Dish has "billions of dollars of spectrum" that could become available, Ergen said this week at a conference in Dana Point, Calif.
Englewood, Colo.-based Dish is seeking to create a wireless network that can deliver video, voice and data to its customers. Ergen said a network is essential to Dish's plans to deliver video to its satellite television subscribers both inside and outside the home.
If efforts to partner with a wireless company aren't effective, "We would admit we failed and try a new approach," Ergen said. "We would hang a 'for sale' sign on the spectrum."
Dish is offering $3.30 a share for a minority stake in wireless carrier Clearwire Corp. But that is complicated by Clearwire's directors agreeing to a takeover by Sprint Nextel Corp. in December.
Sprint offered $2.97 a share for the portion of Clearwire it doesn't already own.
"We're serious about" the Clearwire offer, Ergen said.
"Sprint will have to do more to keep us out."
Dish Chairman Charles Ergen: If Dish can't find a partner, "We would admit we failed and try a new approach," he said.