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Experts say Obama's plan is ambitious and complicated and relies heavily on the participation of cautious television broadcasters, who are loath to give up their greatest asset: spectrum.
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One.Tel, which collapsed in May, has only about $40 million in cash, plus assets like spectrum licenses and investments in subsidiaries that could be sold to pay creditors, Ferrier Hodgson, the administrator overseeing the company, said in the report.
AT&T's offer for T-Mobile included a promise to pay $3 billion in cash, plus assets like spectrum and a roaming agreement that could be worth another billion or two, if the deal disintegrates.
Unable to pay its debts, it had been stripped of its most vital asset, radio spectrum licenses it won in two auctions five years ago.
The best 401(k) plans offer a number of index fund options over the entire asset class spectrum.
Not everyone agrees that the company's main asset - the spectrum - is worth very much.
Private equity firms, analysts say, would mainly be interested in providing financing for others to buy spectrum assets, or in buying some assets and then reselling them.
Dish has been steadily acquiring spectrum assets in recent years.
"There is no meaningful business plan that allows you to use the spectrum assets," Mr. Farrar said.
He says he has no plans to sell the spectrum assets of LightSquared and is not planning to file for bankruptcy.
The cable companies may see opportunity in investing further, perhaps combining new assets with the spectrum they already hold, analysts say.
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CEO of Professional Science Editing for Scientists @ prosciediting.com