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Technology Stocks : Primestar/TCI Satellite (TSATA)
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To: bikepath who wrote (128)10/26/1998 5:55:00 PM
From: JDCFA  Read Replies (1) of 442
 
Watch for Primestar securitization of equipment leasing revenues. Primestar could raise between $400 and $600mm with new facility, which will monetize the revenue stream from the equipment rentals. Very common in capital intensive industries who lease equip.

Primestar bid approx. $300mm for 110d. They didn't think it was worth much more. Dish played big role in bidding up the price.

FCC did not want any one company to control more than one full conus slot. How they resolve this one, I don't know. Directv was not allowed to bid on 110d before. They can only show C. Ergen so much favortism before it leads to lawsuits.

Let's here it for the Government.
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