Dear President Obama,
Who would want to provide higher broadband speeds if they can’t charge higher prices to cover the incremental capital invested?
If telecommunication firms aren’t incentivized to provide higher speeds then America would be worse off in the global economy.
Let’s keep capitalism alive.
Germany and net neutrality.
3) Charter’s CEO on net neutrality and the Pay-TV ecosystem
4) “Industry Lifer” vs. “Deal Maker”
The way I see it, Time Warner Cable has been an under-performing company and management has pursued a strategy of returning capital to shareholders at the cost of upgrading their systems to remain competitive. It’s no surprise that they’ve bleed a large number of subscribers over the past several years. I’m sure short-term oriented money managers like the dividend yield and the near-term capital returns.
5) FCC Chairman Tom Wheeler’s Blog Post:
6) Slides from Liberty Broadband’s investor day – these are not posted on their investor relations website.
7) Charlie Ergen is an underrated genius.
From the DISH 2014 Q3 Conference Call:
“….I think the spectrum you have could be worth as much as the entire market value of [Dish] presently.” – Leon Cooperman.
The reality is that wireless providers don’t have the bandwidth firepower to compete against a fixed broadband network infrastructure. Wireless spectrum is scarce and expensive. Cable companies with their DOCSIS based technology are best positioned to fuel the insatiable demand for faster and more high speed data more cost effectively versus the competition. Set-top boxes and associated CPE are also increasingly becoming more commoditized and thinner, which should yield substantial CapEx savings.
What do you think will happen to Charter’s levered free cash flow?
8) Keeping the bundle alive with “TV Everywhere”
I think most of the Satellite bears forget that DirecTV and Dish could potentially shift their subscriber base to a pure over the top model over the long-term, similar to what Netflix did with its DVD delivery service. The economics will obviously be different but those subscriber relationships are still quite valuable.