SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Primestar/TCI Satellite (TSATA)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JDCFA who wrote (124)10/26/1998 12:06:00 PM
From: Noel  Read Replies (1) of 442
 
FCC Threatens To Revoke DBS License At 110 Degrees

The Federal Communications Commission said that the high-power orbital slot bought by MCI Communications at auction for $682.5 million must be occupied by Dec. 20, 2000, or the license will be revoked under due diligence rules.

MCI and News Corp. announced last week that they had terminated a deal to use the slot at 110 degrees for a high-power effort at PrimeStar. In January 1996, MCI had bought the orbital location for its American Sky Broadcasting venture with News Corp.

The 110-degree location is one of three providing full coverage of the
United States, and is the last remaining full-CONUS slot. The 101-degee position is occupied by DirecTV and U.S. Satellite Broadcasting, while the 119-degree position is owned by EchoStar Communications and TCI Satellite, a PrimeStar partner.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext