Wall Street might start looking at cable growth in 2024 as "a game of inches with growth and investment narratives dependent on short-term promotions and competitor offers rather than structural drivers," Barclays said in a note Thursday. Price hikes will likely be a focus again for the telecom industry in 2024 as they were during the past few years. Barclays also said a slowdown in cable subscriber growth due to issues such as competition from new entrants in a low-growth environment is likely to be exacerbated by Verizon and T-Mobile having greater access to spectrum for fixed wireless. An additional worry for cable is that AT&T is moving further into fixed wireless. Traditionally, cable grew through speed upgrades and price hikes. With Comcast and Charter offering minimum speeds "way higher than needed for most households," pricing becomes more important, Barclays said. However, price hikes come with trade-offs, it added, pointing to increased fixed wireless competition and wireless-only growth.
SpaceX's acknowledging it didn't assess whether its supplemental coverage from space service in the 2 GHz band will interfere with Dish Network operations (see 2312120057) shows SpaceX's application runs counter to FCC rules, as such an assessment is required, Dish told the FCC Space Bureau in a letter Thursday. SpaceX could have conducted an interference analysis based on information available about Dish's operations but "did not, and that fact ends the charade," Dish said. SpaceX didn't comment Friday.
A cable industry priority for the new year is opposing the FCC's proposal that requires MVPDs to refund subscribers for programming blackouts due to failed retransmission consent talks with broadcasters, ACA Connects President Grant Spellmeyer told Communications Daily. In an interview, Spellmeyer discussed his 18 months as ACA head (see 2205170043), video's declining -- but not negligible -- importance to his members, and cable's broadband equity, access and deployment (BEAD) program concerns. The following transcript was edited for length and clarity.
The FCC approved Friday a 2022 T-Mobile application to purchase 600 MHz licenses it was leasing from Columbia Capital, dismissing a Dish Network challenge. T-Mobile reported the deal was worth $3.5 billion. Analysts said when T-Mobile filed the application FCC approval was likely, especially since the carrier is already using the frequencies (see 2208090053).