Charlie Ergen's SPAC, CONX, has agreed to acquire a 75% controlling interest in HC2 Broadcasting for $105 million. This deal positions HC2 Broadcasting's low-power television stations to potentially be leveraged for 5G Broadcast technology, an alternative to ATSC 3.0 for delivering video and data to mobile devices. The transaction requires FCC approval and has been sanctioned by the boards of Innovate and CONX.
This acquisition by Charlie Ergen's CONX positions HC2 Broadcasting's low-power TV stations as a potential foundation for 5G Broadcast in the US. By gaining control of a major LPTV operator, Ergen is making a direct play on leveraging broadcast spectrum for mobile data delivery, offering an alternative to ATSC 3.0 and offloading cellular networks. This move could accelerate the development and adoption of the 5G Broadcast standard if regulators approve, influencing how content and data are distributed to 5G devices. Industry watchers should monitor FCC actions regarding HC2's 5G Broadcast petition and the progress of its trials with a major US mobile carrier.
Add StreamingMeme as a preferred source on Google to see more of our streaming news at the top of your Search results.
Add as preferred source