Future Unclear for Lower 3 GHz Band: New Street's Levin
The lower 3 GHz band's future is unsettled following DOD's public release last week of a redacted version of its Emerging Mid-Band Radar Spectrum Sharing Feasibility Assessment (see 2404030052), New Street’s Blair Levin said Wednesday in a note to investors.…
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“The report's most significant implications for investors involve what the DOD report did not do,” he said: “It did not resolve any issues or provide a timetable for doing so. Thus, we remain far from resolving the question of where the spectrum that the wireless carriers argue they will need by 2027 will come from.” While some advocate exclusive licensing of the band, and others sharing, DOD “almost certainly retains a veto power over any potential outcome,” he said.