October 22, 2012
Courtesy of Jeff Baumgartner of Light Reading:
Dish Network Corp. has agreed to pay US$700 million to Cablevision Systems Corp. and its AMC Networks unit to settle a legal spat over the defunct Voom HD service, but there’s a big wireless broadband angle in there, too. About $80 million of that money will go toward Dish’s purchase of Cablevision’s 500MHz of Multichannel Video and Data Distribution (MVDDS) licenses covering 150 million people in 45 metro U.S. areas, including New York, Los Angeles, Chicago, San Francisco and Philadelphia.