Thursday, June 4, 2015

Towers to Benefit When Dish Deploys

Jonathan Schildkraut of Evercore ISI attended the Dish Network investor meeting hosted by the Evercore ISI Cable, Satellite & Media Analyst Vijay Jayant. Schildkraut noted that they walked away with few new details, but did explain how the firm thought towers would benefit when dish deployed their spectrum. “In our view, the deployment of Dish’s spectrum is a ‘when,’ and not an ‘if.’ And, as we highlighted in our June 1 Evercore Telecom Newsletter lead “Updated Tower Thoughts – Tower Trends vs. Thematics,” we believe Dish’s search for a wireless Chief Marketing Officer highlights that the decision around timing could happen as soon as the next 12-18 months. Further, the use of a partner in placing spectrum into use would accelerate the time to revs recognition for tower operators (Mr. Ergen said it would be most capital efficient to deploy all its spectrum simultaneously), though we acknowledged it would be less impactful than a full network build-out.”  Continue reading here

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