Nov 20 Dish Network said on Tuesday
that the U.S. Federal Communications Commission has issued a
proposal that would allow the satellite TV company to use
wireless spectrum it acquired.
But the company added that the FCC proposal puts limits on
Dish's spectrum by making the company lower its "power and
emission levels that could cripple our ability to enter the
business," it said in a statement.
Dish had been waiting since March when the agency delayed
its application to find out whether it could use its spectrum in
the way in wanted, all in the hopes of building a wireless U.S.
Dish Chairman Charlie Ergen has spent more than $3 billion
buying up wireless spectrum in the past few years.
Dish shares fell 1.2 percent in after-hours trading after
closing at $34.85 on Nasdaq.