Citi Surprised by High Incentive Auction Clearing Target
Citi Research said the 126 megahertz clearing target for the TV incentive auction (see 1604290048) is higher than it had predicted. “More spectrum is available for sale than we previously expected, perhaps creating an opportunity for carriers to aggregate more…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
spectrum or pay a lower price than we had estimated,” Citi wrote investors. “This is especially positive for Buy-rated T-Mobile.” Other stock analysts made similar comments late last week and so far this week. The high clearing target means the 600 MHz band will likely emerge as a very valuable band for the wireless industry, emailed Jim Patterson of Patterson Advisory Group. “More spectrum, combined with 5G and other network developments, should be enough to tip the scales in favor of new bidders or challengers looking for nationwide differentiation,” Patterson said. “The implications of this are very positive for bidders such as Comcast, T-Mobile, America Movil and NTT DoCoMo. It could place competitive pressures on Sprint, who has not selected to bid, as equipment and device manufacturers choose to move their development efforts to 600 MHz use cases.”