Verizon’s apparent willingness to divest some of its 700 MHz assets...
Verizon’s apparent willingness to divest some of its 700 MHz assets in exchange for getting U.S. approval to buy AWS spectrum from four cable operators (CD April 19 p1) reinforces the value of Dish Network’s 2 GHz spectrum, Wells Fargo…
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analyst Marci Ryvicker wrote investors. While Verizon’s decision to sell its 700 MHz A and B spectrum licenses would make additional spectrum available, “we believe weakness in Dish’s stock … was overdone and that the spectrum remains just as valuable,” the analyst said: The A-block has known interference issues with TV stations, “meaning it’s not fully usable until the FCC cleans up the broadcast spectrum, which could take up to a decade.” The news reinforces the value of AWS spectrum, Ryvicker said. Verizon likely decided to make the trade because it “has obtained all of the reach it needs,” she said. Throughput is likely needed to make a larger chunk of nationwide AWS spectrum better suited for LTE Advanced deployment, she said. “This is an important point as the FCC has already begun the preliminary steps to reclassify Dish’s 40 MHz of 2 GHz spectrum as AWS.”