ASTS is assembling a scarce spectrum portfolio combining licensed MNO access, direct FCC authorization, and long-term Ligado usage rights that would be prohibitively expensive or impossible for a new entrant to replicate, creating a regulatory barrier to competition.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedtwo sentences · whole, uncut
the claims it rests on · in our words, not the filing’s