Verizon not interested in buying Dish Network LTE spectrum

posted by Michael H. / Dec 04, 2012, 5:41 PM

Verizon not interested in buying Dish Network LTE spectrum

There has been a lot of talk over the past few weeks about the LTE spectrum that Dish Network owns. First, we heard that Google might be looking to partner with Dish on a wireless carrier. Then, we heard that the FCC is close to ruling on the creation of Dish's LTE network. Now, it turns out that Verizon has absolutely no interest in buying the spectrum.

The quote comes directly from the Verizon CEO Lowell McAdam at the UBS Annual Global Media and Communications Conference today. McAdam said that Verizon isn't looking to make a deal as large as would be required to purchase the Dish Network spectrum, preferring rather to do a deal "in the tens of millions (of dollars) kind of range versus the hundreds of millions kind of range."

Verizon is looking to be more cautious with deals after purchasing enterprise service provider Terremark for $1.4 billion last year, and Hughes for $612 million in July.

source: Reuters

Options

4 Comments

1. MC1123

Posts: 1256; Member since: Nov 12, 2012

google should just buy them!

posted on Dec 04, 2012, 6:04 PM 1

2. 14545

Posts: 1835; Member since: Nov 22, 2011

Google in the Satellite and Phone Biz would = AWESOME. It would be the cheapest cell and cable money could buy. AND THE BEST PART, IT WOULD BE FOR EVERYONE........Not just KC.

posted on Dec 04, 2012, 8:46 PM 0

3. MichaelHeller

Posts: 2734; Member since: May 26, 2011

As I've said before, it would be too much trouble with the government for Google to buy a wireless carrier, or a cable company. Google's already too big for congress' comfort. It's far better to just make a partnership.

posted on Dec 04, 2012, 8:57 PM 0

4. Dr.Phil

Posts: 2432; Member since: Feb 14, 2011

Imagine if we had a true free market system. Google could buy Dish Network and effectively lower the costs and create competition which would be a win-win for consumers.