Is there an Attractive Business Model for Shared Spectrum?

By Armand Musey | July 14, 2013

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

By Armand Musey | June 16, 2013

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

By Armand Musey | June 11, 2013

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

By Armand Musey | May 13, 2013

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

By Armand Musey | May 12, 2013

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

By Armand Musey | April 9, 2013

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?

By Armand Musey | April 5, 2013

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…

Intelsat’s Financials Explained in Three Easy Tables

By Armand Musey | March 20, 2013

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…

Does Intelsat’s Recent Management Shake-up Indicate Lack of Confidence in the IPO?

By Armand Musey | March 13, 2013

Intelsat’s recent management shake-up may suggest management has given-up on the IPO. If not, the company sent negative signals to investors that may setback the IPO prospects even further. Intelsat management shake-up included several senior-level promotions and the departure from daily operations of their highly credible General Counsel, Phil Spector. Mr. Spector also ran the…

Could Incumbents Wireless Cos Dominate Unlicensed Spectrum?

By Armand Musey | February 25, 2013

Significant amounts of government spectrum are headed towards being made available for shared unlicensed use. However, industry commentators have barely analyzed the potential impact on the industry structure from the availability of this new spectrum. The common initial reaction, and one suggested in the PCAST Report is that new entrepreneurial unlicensed providers will emerge to…