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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