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FCC threat to revoke EchoStar spectrum licenses draws widespread backlash | FCC threatens "legal stability" of wireless market, Free State Foundation says.
FCC threatens “legal stability” of wireless market, Free State Foundation says.
The Free State Foundation, a free-market group that has generally supported Republican priorities at the FCC, filed comments saying that "arbitrary" decisions would create instability in the market for wireless broadband deployment. Before risking their money in commercial ventures, private investors reasonably seek assurance that their interests and rights will be protected from changes in the rules or agency actions that are arbitrary or unforeseen... Rescission of deadline extension orders granted months earlier undoubtedly creates a type of regulatory uncertainty. The Wall Street Journal reported Friday that "EchoStar is considering a chapter 11 bankruptcy filing as the company vies to shield its cache of wireless spectrum licenses from the threat of revocation by federal regulators."
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