Mast Capital indeed not Charlie Ergen it seems, can't find back where i got that from. Anyhow plenty of articles around Lightsquared where Ergen and Mast Capital were competing for the same assets.. also seeing other articles where Mast Capital acuired assets from TimeWarner. What matters is that they seem to be serious and successful people... as for why Caledonia cut its holding in half? Trying to find out why - they were a day 1 investor so should be sitting on a profit now. Also, if you look at their website there have been a lot of postings of reductions in holdings in their portfolio companies... maybe they are changing their strategy? maybe they are getting redemptions and need to reduce investments? Just guessing, any input much appreciated...
Based on conversations I have had e.g. with directors at last Novembers AGM, Avanti do not appear to be unduly concerned by possible competition from drones and balloons. If you look at the sophisticated systems and products offered by AVANTI you might also understand that the quality and flexibility of what they bring to market goes beyond broadband services to the consumer market. Besides the growing market for the various military, governmental, consumer, business, educational and other Broadband applications leads me to believe that there is room for a variety of players and systems. I am not, therefore frightened by the notion of drones and balloons offering alternative services to those offered by Avanti, Eutelsat Inmarsate etc. The fact that MAST fund have just upped their holding of Avanti shares, and that other American companies are buying into the company is also most reassuring.
Last week's Economist magazine had an article which, based on my reading of it, painted the future, post 2017, as balloon and drone based rather than satellites. I'm an AVN shareholder and am questioning whether there is room for expensive satellites in what could become a crowded market for the delivery of internet capabilities.
The source of the share sale has now been confirmed by RNS as Caledonia Investments. Such a disposal has been on the cards since their director left the Board. At least the shares are now in the hands of an investor who will be looking for long term growth and not destabilising the market by being seen as a potential seller of shares. Does anybody know if Ergen's companies are active in a major way in Africa already?
Thanks for reply Directinggas. This is certainly an interesting time and AVN is a very interesting holding to have. I, like you and others, have been here a while and hold out for exciting news and future developments. ATB
On the contrary 6Million shares have just been purchased and if Charlie Ergen is behind the purchase it could be very significant . The facebook deal seems to have gone quiet but remember it's likely to be for Hylas 3 and 4 coverage so a deal may be done in principle but unlikely to be signed until further progress ATB
Altough Avanti does fit his 'Bill' I wonder if this is not previously trodden ground I remember reading a while back on this page that David Williams had mentioned talk of 'takeovers' but he/they had not been peruaded by such matters. Also, where has the facebook interest/announcement gone?
If a take over was in the coming Charlie Ergen would be a potential contender. AVN fits his bill quite nicely. Whitedawn - I've done a quick research and can't positively link Mast Capital and Ergen together although both names do crop up in tandem particularly with the Lightsquared business . Can you recall where you read that.?
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