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Telecom, Media and Satellite
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Summit Ridge Group, LLC
The Road to Approval for a Sprint/T-Mobile Merger May Run Through DISH Network

It’s no secret that Sprint (S) and T-Mobile (TMUS) have been exploring a potential merger and that there are significant concerns over whether such a merger would be approved. Sprint and T-Mobile argue that the US wireless market is a near-duopoly dominated by ATT (T) and Verizon (VZ) with a combined market share of approximately […]

Intelsat’s Yearend Results Highlight Dependence on Next Generation Epic Satellites

DISCLAIMER: The analysis below is for information purposes only. We believe, but cannot guarantee that the information contained in it is accurate. Moreover, it should not be considered a recommendation to buy or sell any security of any kind. Please consult a qualified advisor before making significant investment or business decisions. See our Terms of […]

Five Reasons the Comcast/Time Warner Cable Anti Trust Concerns are Overbown

There has been a lot of market speculation that the Comcast’s proposed acquisition of Time Warner Cable might be blocked on anti-trust concerns. We believe these concerns are overblown. 1) The Cable Operations Don’t Compete in the Same Markets, so Industry Concentration Doesn’t Change. The combined company would serve over 30 million homes, which initially […]

Wireless Demand Projections – Elasticity of the Top-1% Percent Users

Wireless network traffic growth projections have been significantly cut since the FCC’s 2010 National Broadband Plan. The National Broadband Plan projected wireless network demand in 2010 to be 468 billion MB, vs the 398 billion MB actually carried in 2010 according to the CTIA. In 2011, the spread got wider, 1090 billion MB projected vs […]

Three Downstream Implications of a Sprint/T-Mobile Combination

While there has been significant industry discussion about a possible Sprint/T-Mobile combination, there has been little discussion about potential implications for other areas of the industry. Here are three: 1) Broadcast incentive auction (and other upcoming FCC spectrum auctions) could suffer. T-Mobile, having essentially no spectrum below 1 GHz was expected to bid aggressively in […]

“The Spectrum Handbook” 2013 Released

Summit Ridge Group,LLC is please to announce the publication of The Spectrum Handbook 2013. This 182 page book is available in hardcopy and e-book version through major on-line resellers. Executive Summary This Handbook has three objectives: 1) to serve as a primer for explaining the complex issues around the use of electromagnetic spectrum; 2) to […]

New White Paper: Right-sizing Spectrum Auction Licenses: The Case for Smaller Geographic License Areas in the TV Broadcast Incentive Auction

Summit Ridge Group, LCC  just completed a white paper covering a significant issue related to the upcoming FCC Broadcast Incentive Auction. The paper, Right-sizing Spectrum Auction Licenses: The Case for Smaller Geographic License Areas in the TV Broadcast Incentive Auction was sponsored by the Competitive Carriers Association.  The Executive Summary is below. Executive Summary The wireless […]

Is “Terrestrial Bias” a Political Problem for the Satellite Industry?

Is “Terrestrial Bias” a Political Problem for the Satellite Industry? I recently caught-up with a European wireless executive and we compared notes on the communications industry. While discussing different technologies, I mentioned the progress satellite broadband was making in various countries. He responded with an interesting insight. Simply put, local politicians are eager to support […]

Takeaways from CCA Convention in Las Vegas

The Competitive Carriers Association held their annual convention earlier this week in Las Vegas.  A few takeaways: 1) Concern over LTE upgrade cycle. Small to mid-sized carriers appear anxious about the costs and benefits of LTE. They seem to realize they will need to do it eventually in order to remain competitive. But they are […]

“The Spectrum Handbook 2013″ Released

Summit Ridge Group, LLC is pleased to announce the release of its publication, The Spectrum Handbook 2013. The 182-page publication provides an overview of spectrum-related issues globally from technical, regulatory and business perspectives while acknowledging the many public policy issues. The Handbook is intended to be a useful resource for new attorneys, bankers and government staffers […]

More Evidence on Widespread Telecom Pricing Pressure

Last week I attended the 16th Annual Oppenheimer Technology, Internet and Communications Conference in Boston. Over 100 companies also attended, with 5 to 7 presenting simultaneously in different rooms, so unfortunately I could not attend all of them and concentrated my time on the communications presentations including: American Tower [AMT], AT&T [T], Ceragon Networks [CRNT], […]

Why the Wireless Tower Operators Haven’t Participated in the 2013 Market Rally

Why the Wireless Tower Operators Haven’t Participated in the 2013 Market Rally The S&P and the NASDAQ are up approximately 20% year to date. Yet the three largest tower operators (American Tower [AMT], Crown Castle [CCI] and SBA Communications [SBAC]) have not participated in this rally (YTD returns between 1% and -11%) despite the rapid […]

Wall Street Finally Starting to UnderstandHigh Throughput Satellites

A recent Morgan Stanley research report  suggest they are cooling on their view of SES, in part, due to the expanded capacity upcoming High Throughput Satellites (HTS) may bring the industry. Each of these satellites has 40x to 100x the capacity of a traditional single-beam satellite. The Morgan Stanley report estimates that industry capacity may increase […]

Is there an Attractive Business Model for Shared Spectrum?

The telecom industry has seen a tremendous increase in interest in unlicensed shared spectrum over the past year or so. Wi-Fi has been an amazing success, now carrying nearly 50% of wireless traffic. Moreover, the U.S. government has over 400 MHz of additional spectrum in the NPRM stage that it is planning to make available […]

Conference Summary – More Weak Arguments from Big Companies

I attended the Optimal Coevolution of Mobile Broadband Technology and Spectrum Policy workshop in Washington D.C. on Friday.  A number of leading spectrum policy and technology figures were present. Key takeaways: 1)   Blair Levin (Aspen Institute Fellow and an author of the National Broadband Report) indicated that earlier drafts of the National Broadband Plan included a […]

Wireless Industry Lobbying Mutes Alternative Views

The wireless industry invests roughly $30 billions of dollars annually in capital expenditures building out their networks and acquiring spectrum. The major carriers average $5 billion to $10 billion in capital expenditures each. Given that the industry is heavily regulated, it would be irresponsible for them to not protect their investment with appropriate political lobbying […]

Putting the State of the U.S. Wireless Industry in Perspective

I’ve neglected this blog for a while as I am working on my forthcoming “Spectrum Handbook 2013” which I expect to release in a few weeks. Please contact me if you’d like a copy. But I did have a chance to attend the Winnik International Telecoms and Internet Forum in Washington, D.C. on Thursday and […]

Quick Analysis of Intelsat’s Q1 Financial Results

I’ve neglected the blog for a while as I am working on my forthcoming “Spectrum Handbook 2013.” I expect to release it in a few weeks. Please contact me if you’d like a copy. But I did have a chance to review Intelsat’s Q1 results. Results were somewhat better than I expected – modest growth, […]

Unbelievable Lack of Consensus on Spectrum Supply & Demand

I’ve recently spoken at several wireless industry conferences where I’ve had a chance to informally discuss various topics with a number of well-regarded U.S. industry experts. In the course of these conversations, the discussion often turned to the issue of supply and demand for wireless spectrum. While it’s normal for opinions about the future to […]

The Intelsat IPO – A Setup for Dilution?

DISCLAIMER: The analysis below is for information purposes only. We believe, but cannot guarantee that the information contained in it is accurate. Moreover, it should not be considered a recommendation to buy or sell any security of any kind. Please consult a qualified advisor before making significant investment or business decisions. See our Terms of […]