C-Band Auction Shows More Demand in Small Markets & Top-3 Industry Implications

By Randy Reynolds | January 21, 2021

The FCC’s largest-ever auction of wireless spectrum ended on Friday with 280 MHz of C-Band spectrum fetching a record-setting $80,916,832,754. Demand in Smaller Markets Suggest New Entrants Bidding for the Partial Economic Area (PEA) sized geographies displayed the same trend we noted in other recent auctions (link to CBRS note) of increased interest outside the…

Summit Ridge Group Managing Director E. Barlow Keener Appointed Co-Chair of FCBA Wireless Telecommunications Committee

By Armand Musey | September 30, 2020

NEW YORK, SEPTEMBER 30, 2020 Summit Ridge Group, LLC announced today that Managing Director E. Barlow Keener, JD, CIPP, has been appointed Co-chair of the Federal Communications Bar Association’s (“FCBA”) Wireless Telecommunications Committee for the 2020-2021 term. Additionally, Summit Ridge President J. Armand Musey, CFA, has been reappointed as a co-chair of the FCBA’s New…

Q2 Broadcaster Review – Somewhat Worse than Expected

By Bill Redpath | September 11, 2020

We all knew that the Second Quarter of 2020 was going to be bad financially for broadcasters.  And it was.  But a review of FQ22020[1] financial results filed with the SEC by publicly-traded radio and television broadcasters shows that the hit was much more severe for radio than television broadcasters. Summit Ridge Group (SRG) reviewed…

FCC’s CBRS Bidders Reveal Indicates Broad Interest from New Entrants and Incumbents

By Randy Reynolds | September 4, 2020

The FCC’s CBRS auction results are in, showing an upswing of diverse interest in mid-band spectrum across industries and geographies. The national wireless operators Verizon and DISH dominated the auction, but cable and wireline telcos also showed healthy demand. However, this auction drew the most interest from the start with 271 qualified bidders (versus the…

CBRS Auction Update: Overlapping EBS Coverage May Impact Price More Than Population Density

By Randy Reynolds | August 23, 2020

CBRS auction (FCC Auction #105) bidding seems to deviate from the traditional trend of license territories in more densely populated territories clearing higher prices than those in less densely populated areas. Instead, pricing appears to be impacted by the availability of substitutable mid-band spectrum, primarily EBS, in the particular market. The deviation from pricing based…

Veteran Media and Telecom Appraisal Expert, Bill Redpath, ASA, CFA, CPA, ABV joins Summit Ridge Group

By Armand Musey | May 6, 2020

NEW YORK, MAY 6, 2020  Summit Ridge Group, LLC announced today that William “Bill” Redpath has joined the firm today as a Managing Director. Bill will augment Summit Ridge’s media and telecom valuation and financial consulting practice. Bringing more than 30 years of industry valuation experience, Bill will enhance Summit Ridge Group’s growing leadership position in valuation and related financial consulting matters including transactional support, research and litigation support in the satellite, media and telecom sectors. Prior…

Summit Ridge Group, LLC Provides Department of Justice Antitrust Division with Financial and Wireless Industry Analyses for the T-Mobile/Sprint Merger Review

By Armand Musey | April 22, 2020

Summit Ridge Group, LLC today announced that it provided financial and mobile wireless industry analyses for the US Department of Justice (DOJ) regarding the $26 billion merger between T-Mobile and Sprint. NEW YORK, APRIL 21, 2020 — Summit Ridge Group, LLC, a leading provider of valuation and financial advisory services in the media, telecommunications and…

Unofficial Notes from NYC Connectivity Conference 2019

By Armand Musey | August 11, 2019

On June 26th and 27th, Connectivity Business held a two-day conference in NYC. The event was held in the shiny new Hudson Yards office of the law firm Milbank LLP (formerly known as Milbank Tweed Hadley & McCloy). True to form, Milbank supplied not only an excellent location, but also terrific food and drinks. In…

Experienced communications and media analyst, Randy Reynolds, CFA joins Summit Ridge Group team to augment its valuation and financial consulting practice

By Armand Musey | July 31, 2019

NEW YORK, JULY 31, 2019 Summit Ridge Group, LLC is pleased announce that Randy Reynolds, CFA has joined its team to augment its communications sector valuation and financial consulting practice. The move reinforces Summit Ridge Group’s commitment to enhancing its leadership position in valuation and related financial consulting matters including transactional support, research and litigation…

Unofficial Notes from Satellite 2019

By Armand Musey | June 24, 2019

FULL NOTES HERE (68 pages) This year’s Satellite 2019 conference was more upbeat than the past few years. There was a general recognition that the industry has changed and is adapting to long-term pricing declines and performance improvement (e.g., finally accepting Moore’s Law 🙂 From a broader perspective, the satellite industry seems to be slowly…