Wire77.... All would agree that the current approved bankruptcy plan is flawed in how it dealt with the terminated 692 licenses.
As of today, only 46 licenses can be transferred from the reorganized Fibertower to AT&T
AT&T has requested that the other 692 licenses be transferred as well, citing the DC court of Appeals decision to return 42 licenses to Fibertower
in 2015 that did demonstrate completed link construction and service. In the court's opinion, this license construction might be worthy enough to support a construction extension for the remaining 650 licenses that were terminated
However, since the Appeals Court Decision, nothing has changed, the 42 licenses have not been returned just placed in pending status, nor has their been a decision on the terminated 650 licenses.
So as of right now, their is nothing to do but wait for the FCC to decide what happens to the 692 licenses. Then depending on the outcome, you could have a fight over who gets paid for the increase in value of the 692 licenses, certainly unsecured creditors and shareholders, given the flawed bankruptcy plan, have an entitlement augment to compensation provided someone arbitrates on their behalf
