Federal regulators on Tuesday gave satellite TV provider Dish Network Corp the go-ahead to use wireless spectrum and also approved a framework for a spectrum auction next year. The Federal Communications Commission voted to allow Dish to convert satellite spectrum for wireless use but would impose restrictions that the company opposes. Dish is the No. 2 satellite U.S. television provider after DirecTV.Analysts have said that Dish could either sell the spectrum or partner with another wireless company such as Sprint Nextel if it plans to provide high-speed wireless services.DISH said on Tuesday that it will "consider its strategic options and the optimal approach to put this spectrum to use for the benefit of consumers."The five-member FCC commission also voted to approve a framework for auctioning a different chunk of spectrum -- known as the H block -- in 2013.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 0.35% or $-0.13/share to $37.02. In the past year, the shares have traded as low as $25.04 and as high as $37.92. On average, 3000180 shares of DISH exchange hands on a given day and today's volume is recorded at 4249445.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 1.59% or $-0.09/share to $5.57. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 66896900 shares of S exchange hands on a given day and today's volume is recorded at 50319768.
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