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 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…
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…
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…
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…
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…
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…
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,…
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…
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