Wireless Network Investments Increasing, 5th Network Likely, BTIG Says
BTIG sees signs that wireless network investments are on the upswing in the U.S., analyst Walter Piecyk blogged Monday. “We believe the tower industry is poised for accelerating revenue growth based on our recent discussions with industry participants,” Piecyk said.…
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“The timing and pace of that acceleration will be impacted by the approvals necessary to add new tenants to existing towers, but the drivers of organic growth acceleration are clear.” One sign of growth is that AT&T’s build of FirstNet is ramping up this year into 2019. Piecyk also said more competition appears on the way. “We also believe that the likelihood of a 5th national wireless network emerging within the next five years is greater than 50 percent,” he said. “Cable and tech are actively testing ... 3.5 GHz technology and lobbying for mid-band spectrum to be used on small cells. Ultimately, we believe a proper wireless network will require a macro layer with licensed spectrum on towers. The wireless industry has not foreclosed on the valuable spectrum opportunity that Dish [Networks] offers these new entrants.”