#Dell founder Michael Dell has quietly invested over $80 million in various local TV stations since 2011 — and it could soon end up returning as much as $4 billion to the PC mogul.
According to a Wall Street Journal report on Wednesday, Dell currently controls a group of broadcasters that collectively own spectrum licenses that are worth $4.2 billion, based on prices set by the FCC.
Dell's investments were made through his investment arm, #MSDCapital, which created a company called OTA Broadcasting to control all the TV stations.
Some of the stations under Dell's control include the Spanish-language channel Azteca America and a New York-based Korean TV channel. He also owns 11 local stations in the Pittsburgh area, which collectively cost him roughly $7.3 million to invest in, but is now estimated to be worth $1.47 billion.
Dell's investment in TV stations is part of a broader activity called spectrum speculation. The investments were likely made in anticipation of the upcoming FCC auction, in which spectrum licenses will be sold to wireless-broadband carriers like AT&T and Verizon, who need additional airwave frequencies to meet the soaring demand for its services.
http://www.businessinsider.com/michael-dells-tv-station-airwaves-could-be-worth-4-billion-2016-1
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