Comments on: Can I interest you in some spectrum? https://tmfassociates.com/blog/2010/05/25/can-i-interest-you-in-some-spectrum/ Satellites, spectrum and other stuff Tue, 03 Feb 2026 21:36:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Is Clearwire Prepping for a Spectrum Sale? - Salon.com https://tmfassociates.com/blog/2010/05/25/can-i-interest-you-in-some-spectrum/comment-page-1/#comment-529 Is Clearwire Prepping for a Spectrum Sale? - Salon.com Sat, 21 May 2011 13:54:27 +0000 http://tmfassociates.com/blog/?p=237#comment-529 [...] according to analyst Tim Farrar of TMF Associates. Farrar, who covers satellite companies closely, blogged about the potential for Clearwire to sell its spectrum last week after BusinessWeek published an article touting the estimated $20 [...] [...] according to analyst Tim Farrar of TMF Associates. Farrar, who covers satellite companies closely, blogged about the potential for Clearwire to sell its spectrum last week after BusinessWeek published an article touting the estimated $20 [...]

]]> By: Is Clearwire Prepping for a Spectrum Sale? https://tmfassociates.com/blog/2010/05/25/can-i-interest-you-in-some-spectrum/comment-page-1/#comment-419 Is Clearwire Prepping for a Spectrum Sale? Thu, 03 Jun 2010 23:31:49 +0000 http://tmfassociates.com/blog/?p=237#comment-419 [...] according to analyst Tim Farrar of TMF Associates. Farrar, who covers satellite companies closely, blogged about the potential for Clearwire to sell its spectrum last week after BusinessWeek published an article touting the estimated $20 [...] [...] according to analyst Tim Farrar of TMF Associates. Farrar, who covers satellite companies closely, blogged about the potential for Clearwire to sell its spectrum last week after BusinessWeek published an article touting the estimated $20 [...]

]]> By: PCSTEL https://tmfassociates.com/blog/2010/05/25/can-i-interest-you-in-some-spectrum/comment-page-1/#comment-415 PCSTEL Wed, 26 May 2010 18:18:36 +0000 http://tmfassociates.com/blog/?p=237#comment-415 Overall. An interesting report. But so many inconsistencies. As you pointed out. The lack of the 425 million preferred plus dividends obligation, or any mention of the FCC implication of the "step up in value" penalty for the 2Ghz MSS licensees. Which if included would still put the equity holders of Terrestar out of the money until we reach the extreme high end of the Mhz/POP calculation valuations. In my opinion. Terrestar is worth more in pieces than as a whole. i.e. Spectrum returned for reauction and Satellites sold. However, I believe Harbinger's recent $40 million in pre-payments of Satellite Airtime may prevent such an occurrence without the approval of same. Harbinger has certainly provided the appearance of attempting to provide funding to keep Terrestar out of Bankruptcy. Which won't hurt him is court. The report also uncovers a bit of a dichotomy of sorts between Harbinger and Echostar. Where Echostar's recovery via the debt, might be greatest post-pettiion, while Harbingers recovery might be greatest absent of a petition. On the Big LEO front. The report provides a Spectrum Valuation for all of Iridium's L Band Spectrum, even though non has been applied for, let alone approved for ATC operations, while only the portion of Globalstar's spectrum (20Mhz) associated with ATC approval was included. Nor were the potential valuations for possible international ATC authorizations as the company reported being in regulatory processes in several additional countries at the recent shareholder meeting.. France and Brasil being mentioned at one point. PCSTEL Overall. An interesting report. But so many inconsistencies. As you pointed out. The lack of the 425 million preferred plus dividends obligation, or any mention of the FCC implication of the “step up in value” penalty for the 2Ghz MSS licensees. Which if included would still put the equity holders of Terrestar out of the money until we reach the extreme high end of the Mhz/POP calculation valuations.

In my opinion. Terrestar is worth more in pieces than as a whole. i.e. Spectrum returned for reauction and Satellites sold. However, I believe Harbinger’s recent $40 million in pre-payments of Satellite Airtime may prevent such an occurrence without the approval of same. Harbinger has certainly provided the appearance of attempting to provide funding to keep Terrestar out of Bankruptcy. Which won’t hurt him is court.

The report also uncovers a bit of a dichotomy of sorts between Harbinger and Echostar. Where Echostar’s recovery via the debt, might be greatest post-pettiion, while Harbingers recovery might be greatest absent of a petition.

On the Big LEO front. The report provides a Spectrum Valuation for all of Iridium’s L Band Spectrum, even though non has been applied for, let alone approved for ATC operations, while only the portion of Globalstar’s spectrum (20Mhz) associated with ATC approval was included. Nor were the potential valuations for possible international ATC authorizations as the company reported being in regulatory processes in several additional countries at the recent shareholder meeting.. France and Brasil being mentioned at one point.

PCSTEL

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