LTD 'Evaluating Next Steps' After FCC RDOF Rejection: CEO
LTD is "evaluating our next steps" after the FCC rejected its long-form application for the Rural Digital Opportunity Fund Phase I auction, CEO Corey Hauer told us (see 2208100050). "We are extremely disappointed in the FCC staff decision," Hauer said:…
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"I don’t believe the FCC fully appreciated the benefits LTD Broadband would bring to hundreds of thousands of rural Americans." New Street’s Blair Levin told investors Thursday there are likely no negative implications for other telecom providers from the order. “For the most part, these funds affect highly rural areas where the major companies are not offering, nor have plans to offer service,” Levin said: “To some extent, it is a positive for the wireless companies, particularly those offering fixed wireless in rural areas, as it takes away a government subsidy for Starlink and others like LTD, though in the case of Starlink, it is likely to offer service in those areas anyway.” Litigation is possible but “this decision makes it easier for Governors awarding Infrastructure Bill funding to target funds to those areas that Starlink and LTD had provisionally won,” he said.