Wells Fargo Sees Shift in Focus for Fixed Wireless
Wells Fargo said in a new report fixed wireless access will continue to grow but could shift its focus away from urban and suburban markets. "The distribution of fixed wireless customers so far has largely been in urban and suburban…
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areas (in part due to midband 5G's availability largely in more urban environments), with ~65-70% of subscribers coming from urban/suburban footprints and ~30-35% from rural or smaller markets," said a report to investors: "The next leg of FWA growth will likely happen in suburban and rural locations where fixed wireless is less penetrated.” Smaller markets make up more than “40% of the US population, which often only have one high-speed Internet provider (or in some cases zero).” Carriers “should have substantial excess wireless capacity in those markets, as many are rolling out midband channels of 150-200MHz, which is unlikely to be fully utilized by mobile use cases given lower population densities in those markets,” the firm said.