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January 16, 2016

michael dell just raked in $4 billions selling spectrum on local TV stations

"Michael dell just raked in over $4 billion selling auction to FCC"
Michael Dell bought up a bunch of TV stations and is now looking to sell their spectrum in a first-ever incentive auction with the FCC.While a billionaire buying up hardly watched TV stations may sound odd, there’s a plausible reason for those investments: All of the stations own potentially valuable broadcast spectrum has been tapped by the Federal Communications Commission (FCC) to enhance wireless network reliability and speeds. Collectively, Dell’s investments could see him tally up to $4 billion on his $80 million investment.