Dish Network posted quarterly earnings that significantly surpassed analysts' expectations and reported a profit of $410 million, up from $324 million during the same period a year ago.
The spectrum auction that some have hoped might change the landscape of the U.S. wireless industry may not be all that disruptive after all.
The FCC will likely free up nearly 11 GHZ in new spectrum, as the chairman has proposed, when it votes on the Spectrum Frontiers initiative tomorrow, New Street Research predicts. But the analysts say the increase in supply probably won't slow demand for existing airwaves.
I came across an interesting statistic the other day. About 30-35% of gold supply comes from recycled gold. In other words, 65-70% of gold supply comes from new production – dug up out of the earth to be refined and used for various industrial and financial uses. In times of financial crisis or uncertainty, investors look to gold as a safe haven for capital preservation, and new production picks up in pursuit of rising demand.
Mobile carriers and would-be wireless service providers are highly unlikely to meet the FCC's enormous $86.4 billion clearing cost to acquire TV broadcasters' spectrum at auction. And while that may not be good news for existing network operators, it may boost the value of spectrum that's already being held by players such as Dish Network and Ligado.
The FCC will truly need to see a "spectrum extravaganza" during the forward auction of 600 MHz airwaves if the event is going to be completed anytime soon.
MoffettNathanson lowered its rating for Dish Network, saying that while the company's mid-band spectrum is theoretically valuable, major U.S. carriers simply can't afford to buy it.
Qualcomm is pushing its MulteFire technology aggressively. The MulteFire Alliance, which was founded in December 2015, includes heavyweights such as Ericsson and Nokia, and new members include Cisco, SoftBank, and Neul, a wholly owned subsidiary of Huawei. The group is slated to release the final technical spec for the technology later this year.
FCC Chairman Tom Wheeler said he'll ask the Commission next month to approve new rules "that will identify and open up vast amounts of spectrum for 5G applications."
CTIA released a new report outlining the importance of high-band spectrum for 5G in an effort to spur the FCC to free up "thousands of new MHz" of the airwaves.