Tuesday, October 11, 2016

FirstNet Winner Pick Looming Large November 1

If the federal government sticks to its plan, by November 1, it will award a contract for the First Responder Network Authority — FirstNet. Wells Fargo Securities believes the time-table remains on-track.
FirstNet is tasked with cost-effectively creating a nationwide network and providing wireless services to public safety agencies across the country. The goal is to end decades-long interoperability and communications challenges for first responders.

The upside for the company that wins the contract is phenomenal. FirstNet provides wireless carriers the opportunity to procure 20MHz of nationwide 700MHz spectrum to build, operate and maintain a nationwide safety network. The government will pay carriers $7B+ to do so, according to Wells Fargo Senior Analyst Jennifer Fritzsche.

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