New Street Research - 3.45GHz Auction, Day 7 Update: Another bidder (probably) dropped out (and now, were really worried)

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New Street Research

Philip Burnett

3.45GHz Auction, Day 7 Update: Another bidder (probably) dropped out (and now, we're really worried)

What's new: Bidding in the 3.45GHz auction has wrapped for the day, with prices rising 8-9% per round to land at $4.25BN, for an implied price of $0.14/MHz-POP.

14/10/2021 3 EN

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Philip Burnett

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3.45GHz Auction, Day 7 Update: Another bidder (probably) dropped out (and now, we're really worried)

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

VEON (Buy, TP: $40, +55%) Thoughts after the call

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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