"They valued the spectrum based on obligation to launch satellites - still an expensive business - and the business model for satellite telephones is far from proven."
If this is such a good idea how come the other telcos discounted it due to the cost of the satellites?
The untested satellite telephone bit can really be ignored as the actual plan seems to be to rely on blanket ground infrastructure - not like an actual satellite telephone at all.
The costs just don't make sense, Harbinger plans to 'save' $34b over the telco estimates yet the telcos have discounted this idea already because the cost of launching satellites. Even the worst case back of envelope guestimates would put 2 satellites+launch at $2b, still saving a ridiculous amount of money.
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Real costs
"They valued the spectrum based on obligation to launch satellites - still an expensive business - and the business model for satellite telephones is far from proven."
If this is such a good idea how come the other telcos discounted it due to the cost of the satellites?
The untested satellite telephone bit can really be ignored as the actual plan seems to be to rely on blanket ground infrastructure - not like an actual satellite telephone at all.
The costs just don't make sense, Harbinger plans to 'save' $34b over the telco estimates yet the telcos have discounted this idea already because the cost of launching satellites. Even the worst case back of envelope guestimates would put 2 satellites+launch at $2b, still saving a ridiculous amount of money.