Jefferies analysts took issue with recent claims that Dish Network's spectrum holdings are over-valued, saying the mid-band airwaves are superior for supporting increasing data usage and ramping up capacity.
Public interest groups and the nation's smaller wireless carriers are voicing a number of concerns about Verizon's $1.8 billion proposed acquisition of XO Communications' fiber business and its related deal to lease XO's LMDS spectrum (under XO's Nextlink brand) in the 28 GHz and 39 GHz bands. Specifically, Public Knowledge, the Competitive Carriers association and others are urging the FCC to carefully evaluate the transaction and its possible effects on Verizon's competitors and the overall telecommunications marketplace.
Dish Network's stock fell slightly yesterday following a report from short-selling investment firm Kerrisdale Capital describing Dish's spectrum holdings as a "warehouse full of overpriced inventory."
Dish Network is lobbying the FCC to deny Verizon's proposed $1.8 billion acquisition of XO Communications' spectrum assets and fiber business, claiming among other things that the deal would have an adverse impact on competition in multiple markets.
The FCC today announced it will be able to offer a whopping 126 MHz, or 10 paired blocks, of licensed spectrum on a near-nationwide basis in the forward portion of its 600 MHz incentive auction. That's a huge victory for FCC Chairman Tom Wheeler, and it potentially creates an opening for a new wireless carrier to launch in the United States.
Dish Network executives were predictably opaque during Wednesday's earnings call regarding the company's plans to leverage its spectrum assets. So analysts continue to speculate about what the spectrum is worth, who might eventually use it and how.
Deutsche Telekom is shelving efforts to sell T-Mobile US to focus on the upcoming incentive auction of 600 MHz broadcast TV airwaves, Reuters reported. The move could give potential buyers time to wait for a more favorable political climate for telecom consolidation.
Dish Network Chairman Charlie Ergen said that the company's spectrum holdings could be used to build out a 5G offering, but he cautioned that Dish is unlikely to build out its spectrum holdings to create a fifth nationwide wireless network in the United States.
Shares of Dish Network dropped this morning after the company posted a disappointing quarter including a $516 million expense related to the FCC's October denial of $3.33 billion in credits to two of its affiliates in the recent auction of AWS-3 spectrum.
Dish Network told the FCC that efforts by AT&T and T-Mobile to make it and its partners pay more to participate in the upcoming 600 MHz broadcast TV spectrum auction are misguided.