Some more thoughts.Not sure where yr figures come from but best...

Some more thoughts.
Not sure where yr figures come from but best to research spectrum allocations and costs.Its in the hundreds of millions per allocation especially 850 mgz and 26ghz.for a sml allocation.I'm not going back to look at acma or fcc allocations.But tpg paid $1b plus for a qty of 850mgz equal to what optus held/holds but less than what tls holds.etc etc
.
With eos they didn't just get an allocation of various ghz from the fcc,they got 'ALL' the meo spectrum.(plus their laser technology)
So eos had/has 100% control of meo connectivity.
Just because eos can't afford 4 little pathetic relay satellites with another 4 planned 2028 does not mean that covers the value of the meo sector.
Look at the value of the satellites airbus and ses r sending up in europe into the meo sector,by memoery a recent has a value of $700m for the meo sector and they r not just relay satellites.etc.
This meo spectrum covers all western countries as agreed to by the various countries so each country is a customer including Australia.
My opinion as posted,Ben was smart enough to buy Audacy but then he put his arms around it and said stay away its all mine but with no moneyto develop it..
ps re sales by memory eos has max 17 customers so on my maths that a ceo per customer.