Dec. 17 at 2:04 AM
$SATS Most people still read EchoStar / DISH as a failed telecom story.
That’s not what this was.
This was about permission, proof, time — and when to sell to deployers.
FCC rules mattered more than ARPU.
Runway mattered more than headlines.
If you want to understand how sovereign constraints create deep value mispricing, start here. 🛰️📡
https://cundilldeepvalue.substack.com/p/ceo-series-charles-w-ergen-from-echostar
Charles Ergen didn’t build a carrier.
He built time.
$VZ $DIS $WFC