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CONUS DBS slots

The Federal Communications Commission has formally wrapped up formalities for last week's auction of non full-CONUS DBS slots, which received bids from EchoStar and Cablevision.

Bidding totaled $12.2 million, and was completed in one day, a week ago today. Cablevision and its Rainbow DBS unit, which operates the VOOM satellite TV service, bid $6.4 million for slots at 175 degrees and 166 degrees. EchoStar bid $5.8 million for access to 157 degrees.

Down payments - which amount to 20 percent of the net winning bid - are due Aug. 2. Final payments to the FCC are due Aug. 16, with additional paperwork from the companies due Aug. 18.

According to the FCC, winners of the DBS licenses are required to complete contracts for construction of a satellite within one year of the grant of authorization. Construction of the first satellite must be completed within four years and must be in operation within six years of the grant of authorization.
This is CABL.com posting #133017. Tiny Link: cabl.co/mILB
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