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DOJ Challenges Spectrum Property Rights: Investor Implications
The DOJ has filed a brief arguing that spectrum licenses do not create a property right, while others, including the US Telecom Association, have warned that if the courts agree with the DOJ, the decision will chill private investment and erode U.S. leadership in broadband innovation. In this note, we analyze the potential impact on wireless carriers if the courts agree—or, alternatively, do not agree—with the DOJ.
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New Street Research
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Blair Levin
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