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Ergen's broadband satellite Net service
The founder of Echostar Communications (DISH: news, chart, profile) said he's prepared to spend $2 billion over the next two years to deliver high-speed Internet service from space. Appearing at a satellite industry convention in New York, Ergen said his plan for $30 a month broadband is contingent on the government's approval of his company's acquisition of Hughes Electronics Corp. (GMH: news, chart, profile) and its DirecTV unit. Without combining the satellite operations, and their communications spectrums, Ergen said his plan would fail. "Even if we could technically do it, there's no way to economically do it," he said, according to the report by Bloomberg.
Reposted from
CBS Marketwatch
The founder of Echostar Communications (DISH: news, chart, profile) said he's prepared to spend $2 billion over the next two years to deliver high-speed Internet service from space. Appearing at a satellite industry convention in New York, Ergen said his plan for $30 a month broadband is contingent on the government's approval of his company's acquisition of Hughes Electronics Corp. (GMH: news, chart, profile) and its DirecTV unit. Without combining the satellite operations, and their communications spectrums, Ergen said his plan would fail. "Even if we could technically do it, there's no way to economically do it," he said, according to the report by Bloomberg.
Reposted from
CBS Marketwatch
