Frontier, Cox Sit Out 24 GHz Auction, Which Otherwise Resembles 28 GHz Sale, New Street Says
Frontier and Cox won’t participate in the 24 GHz auction, leaving only the nationwide carriers and Dish Network as likely major bidders (see 1902270055), New Street wrote investors Monday. Prices likely will be in the same range as the 28…
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GHz auction, with an estimated $3.3 billion in proceeds, the firm predicted. “The 24 GHz band doesn’t have the same global vendor ecosystem support as the 28 GHz and 39 GHz bands, and the band plan suggests that there will be plenty to go around,” New Street said. “The 24 GHz auction is the first recent FCC auction of nationwide mmWave spectrum, providing a unique opportunity for those with a dearth of mmWave spectrum to close the gap with industry leader Verizon.” Licensees in the band's upper 500 MHz will have to share with fixed satellite service operators in a few markets, covering less than 2 percent of the U.S., New Street noted. The auction starts March 14. Recent auctions have taken 74 days on average, it said.