E* would control 30 of 32 transponders if this deal goes through? I admit that this is an interesting choice of words...
If memory serves me correctly, there are two unlicensed transponders at 61.5. Dominion (Sky Angel) holds 8 transponder licenses. Granted, Dominion has sublicensed 6 transponders back to E*. So if E* acquired the Rainbow licenses, I guess they would control 30 transponders.
But couldn't Dominion at any time ask E* for their transponders back? So does E* really control Dominion's 6?
Wouldn't it be more correct to say that E* would own 24 of 32 transponders at 61.5. Of course not for them, they don't want E* to get the licenses...
And please forgive me if my facts are wrong here, I am going solely on memory.