Verizon Wireless to buy Dish Network's Spectrum - report

Friday, June 20, 2014

Verizon Wireless to buy Dish Network's Spectrum - report

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Verizon Wireless is looking to buy satellite-TV operator Dish Network's spectrum to improve wireless internet speeds, the New York Post reported on Friday.

The two companies have held informal talks about the spectrum, the report said.

In May, Verizon Communications Chief Executive Lowell McAdam shot down rumors that the company was in potential merger talks with Dish.

Federal Communications Commission Chairman Tom Wheeler has proposed restrictions on how much the biggest wireless carriers can bid for in a major auction of TV spectrum scheduled for mid-2015.