Dobson Communications said it received refund of $91.2 million of...
Dobson Communications said it received refund of $91.2 million of nearly $109 million that carrier paid to participate in NextWave re-auction last year. Dobson subsidiary DCC PCS was high bidder on 14 licenses in that PCS auction. Commission on…
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March 27 returned 85% of NextWave re- auction deposits to carriers that bid. Verizon Wireless said earlier this week it had received $1.5 billion of deposits for 216 licenses. It has challenged FCC in U.S. Appeals Court, D.C., and U.S. Court of Federal Claims to obtain rest of deposit and for ruling that auction contract for licenses under dispute is void (CD April 9 p1). Dobson said that as result of partial refund, it had unrestricted cash of $230 million. Carrier plans to announce first quarter results May 8.