Satellite pay-TV service provider DISN Network Corp. (DISH) recently received a shot on its arm as Standard & Poor’s Ratings Services (S&P) raised its outlook on the company from Stable to Positive. The reason for this upgrade was the proposed wireless network strategy of DISH Network. At present, S&P rates DISH Network at BB-, which is still three notches below the investment grade territory of the rating agency. Earlier this year, DISH Network acquired 40 MHz S-band wireless spectrum through acquisitions of TerreStar Networks Inc. and DBSD North America Inc. Additionally, the company itself owns a slot of in-high-demand 700 MHz wireless frequency. DISH network has decided to deploy a nationwide ground based 4G LTE wireless network using the satellite airwaves. According, management applied to the Federal Communications Commission (FCC)
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