In Part 1, I gave a rather lengthy explaination of the factual background why DISH now owes the FCC another $3.3 billion dollars more than the $10 billion it already owed for licenses won in the big FCC spectrum auction at the end of last year (the AWS-3 auction). Here, I give my analysis of the Order denying SNR and Northstar applications for designated entity (DE) credits. Some thoughts on broader implications, what may or may not happen next, and my personal opinion on whether the FCC was right or wrong, I save for Part 3.
More below . . .