2007 - $342M 2008 - $288M 2009 - $288M 2010 - $288M 2011 - $288M 11/2011 - $106M 07/2012 - BK Filed, FCC Moves to Terminate 692 of the 738 Licenses. 09/2013 - Debtors claim(Tom Scott Analysis) that the 692 Licenses subject to the remand of the BK Court are worth $0 and the 46 Licenses are worth between $1M and $2M.
2017 - Rights to Licenses sold to ATT for ???
Within the span of 2 years the FCC licenses went from $288M to $1-2M and the debtors based on an analysis from Tom Scott get to walk off with everything? The Unsecured Creditors posted a rebuttal of the valuation but it seemed to fall on deaf ears with the court. What is not so certain is what is the status of the 692 licenses subject to the remand of the BK court. Do they reevaluate based on the sale price or simply hand them over to the debtors/att?
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