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Space Exploration Technologies reportedly is looking to lock down at least 80,000cell sites to help turn Starlink into a nationwide wireless carrier. AT&T, VerizonCommunications and T-Mobile US tumbled on competition fears, while cell toweroperators such as Crown Castle (CCI) shot up 9% in late trade, signaling a move above its 200-day
moving average.
On Tuesday night's earnings call, SpaceX management reaffirmed plans to become a
major U.S. mobile operator leveraging a combination of satellites, cellphone towers,
and terrestrial locations already using Starlink's broadband network.
On Oct. 8, SpaceX said it planned to buy up to 14 megahertz of spectrum in the
800MHz band from Grain Management, subject to regulatory approval. The Federal
Communications Commission recently granted SpaceX approval to launch an
additional 15,000 next-generation Starlink satellites as part of its Starlink Mobile
service.

#Competition #Technology #Telecommunications #Wireless

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@a5 All of this to offer 35mb speeds. Hahaha!

@a9 I agree, After SpaceX pays Verizon $80 billion to use their fiber backbone there won’t be a need to deal with wireless subscribers who don’t pay their bills. Verizon can expand their fiber business exponentially.

@a7 So many of us back then warned them they'd rue the day they sold their towers.

Game over, Verizon will look VERY different in 3-5 years, if not sooner. Telco industry will be gobbled up. Dust the resume!

While I'm not happy about this as a VZ employee, the arrogance and chest pumping of our executive team, this is a bit gratifying. Never doubt Elon. Again, what we built here is not "rocket science" it just cost a lot of capital and time.

https://lnkd.in/egftGUct

@a7 And regardless of their stupidity, they'll leave the company many many millions of dollars richer, while laying off or starving the worker bees.

Let this sink in. Remember VZ sold all it's towers to Crown and sold some towers to other companies. Think of the leverage VZ would have right now if some bozo didn't decide to sell all of VZ towers. They are always so short sighted, d-mb, and greedy in their decision making most of the time.

The end is near for Big Red wireless

Exclusive news, data and analytics for financial market
SpaceX seeks access to 80,000 US cell sites for wireless network,
Bloomberg News reports
By Reuters
SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg
‌News reported on Thursday, citing people familiar with the matter.
The agreements would potentially solidify the company's path toward building a fourth nationwide wireless carrier.SpaceX, which is buying nationwide low-band spectrum, is in talks ⁠with mobile infrastructure provider Crown Castle (CCI.N) , according to the report
TD Cowen estimated a nationwide terrestrial network would cost more than $80 billion, requiring many years and billions in additional spending
The 80,000 sites would equal half the 158,500 purpose-built cell towers operational in the US last year, according to the Wireless Infrastructure
Association.Crown Castle ‌operates ⁠about 40,000 US cell towers, while American Tower (AMT.N) has about 42,000 US sites; privately held Vertical Bridge owns
around 18,000
Crown Castle CEO Christian Hillabrant said on Wednesday ⁠it was talking to "all parties", when asked about potential leases.US telecom operators
wobble after report
SpaceX in talks for cell
sites.

Thread regarding Verizon Communications Inc. layoffs

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