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Has LightSquared Found a Better Way?

Thursday, February 24th, 2011

The buzz in the industry is that LightSquared and Sprint (NYSE:S) are in discussions that would allow LightSquared to use Sprint cell sites to deploy its 4G network.  This has potential to be a much faster and cheaper method to deploy the LightSquared network, but there are significant obstacles to this approach. The typical way a new entrant deploys a wireless network is to start the network design with existing cell towers, and then fill in…

Interfering with LightSquared: Part 2

Tuesday, February 15th, 2011

Summary: Right at the pitch of the anti-LightSquared fervor, the FCC approved LightSquared’s plan to deploy 4G services.  As I predicted, the concerns of government agencies and other carriers about the potential for LightSquared transmissions to interfere with GPS antennas were dismissed by the FCC.  LightSquared is free to deploy its nationwide 4G network.  Now the real work begins. Analysis: Several government agencies, including the Department of Defense, formally communicated their concerns about GPS interference from…

8 Signs the Tower Industry is Maturing

Monday, February 7th, 2011

The publicly traded tower companies like American Tower continue to set new earnings records and stock market highs.  Margins are growing, and valuation multiples are often double that of their primary customers, the wireless carriers.  Yet the tower industry may be nearing or even past the peak of its high earning growth stage.   The good news is that even if high growth rates are not in future, exceedingly strong cash flows are a sure bet for…

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