FCC puts DISH wireless plans up for review

The Federal Communications Commission has put a hold on DISH's attempt to receive a quick thumbs-up for a waiver to convert its recently purchased satellite frequencies into a cellular network. The FCC on Friday approved DISH's bid to buy the spectrum but elected to put the request up for review, a delay that DISH Chairman Charlie Ergen had said would make the project a riskier one for his company. In a research note issued Monday, however, Wells Fargo Securities analysts said they viewed the news as "more of a delay rather than a loss given that the waiver was NOT denied in substance."

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