SATS and Carr: Is there really a best and final offer on the table?
As our New Street Colleagues discussed in a note yesterday afternoon, Bloomberg is reporting that the Chairman of the FCC has made a "best and final" offer to EchoStar that would force the company to sell its AWS-4 spectrum. Our colleagues focused on the economics of such a sale. In this note, we discuss the policy issues that we think are shaping those discussions and why we are skeptical that there is a “best and final” offer on the table.EchoStar is a holding company. Through its subsidiaries, the company is a global provider of broadband satellite technologies, broadband internet services for home and small office customers, satellite operations and satellite services. The company operates in two business segments: Hughes, which provides broadband satellite technologies and broadband internet services and broadband network technologies, managed services, equipment, hardware, satellite services and communications solutions; and EchoStar Satellite Services, which uses certain of the company's owned and leased in-orbit satellites and related licenses to provide satellite service operations and satellite services.
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