I actually stumbled on the affiliate agreement tonight in edgar (I was surprised to find it). Note what goes into the calculations on 11.7.2 and 11.7.3 and especially what doesn't in 11.7.3 (e)
Entire Business Value itself appears to be a relatively made up term that I've only seen associated with Sprint affiliate agreements.This part isn't accurate. EBV is a defined calculation, and it is Shentel's wireless business only.
Why don't you think there isn't any money to be made out of IoT? There's already vending machines, cars/trucks, security systems that require Cellular connectivity. What makes you think the demand isn't there? The automatization of farming/agriculture is going to be huge for IoT.
Dish is making unconventional decisions to save money. It will succeed in doing so. As someone who uses Ting, their billing systems are fine. Nothing super special, but fine. As someone who runs plenty of stuff on cloud services, they're fine, but I'm skeptical about putting them at the core of your mobile network. Using a smaller company for NR gear may be fine, but Dish will be the first one Fujitsu builds low band NR equipment for.
If one of these links in the chain goes askew, Dish will wind up competing against CricKet/Metro/Visible rather than the postpaid equivalents. They may have enough of a cost advantage to make a go of it, just like CricKet/MetroPCS did back in the day. But it's definitely a tougher road when you can't get anyone to pay more than $45/mo for your service.