After a year where U.S. wireless capex reached an all-time high, QualTek Services Inc. (NASDAQ: QTEK) filed for bankruptcy under Chapter 11 this week. The move would reduce its debt by approximately $307 million. QualTek expects to emerge from Chapter 11, with its existing lenders and management team as owners. […]
Cellular News
John Stankey, AT&T (NYSE: T) CEO, speaking at the J.P. Morgan Stanley Technology, Media and Telecom Conference, portrayed the company as working through various internal and external issues but remained confident in the company’s ability to deliver free cash flow of $16 billion or better for full-year 2023. He expects […]
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The debate rages. On one side, European Union-based mobile network operators and broadband service providers have banded together to craft a proposal that would require the so-called ‘large traffic generators’ to help foot the bill for 5G rollouts and fiber network builds. Countering that proposal are the FAANGs (Facebook, Apple, […]
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The FCC voted to expand use of over 1 GHz of mid-band spectrum in the 12 GHz band by ensuring stable spectrum access for current and next-generation satellite service while also empowering advanced terrestrial wireless services. The Commission adopted rules to preserve spectrum between 12.2-12.7 GHz for current and future […]
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Connect (X) 2023 Artificial Intelligence (AI) is the most rapidly advancing sector of the infrastructure ecosystem today and the wireless industry should take notice, Marc Ganzi, DigitalBridge CEO, told an audience at the Connectivity Expo 2023, held last week in New Orleans. “If we think back, in the last 10 […]
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President Joe Biden’s infrastructure czar warns that broadband and other projects will be jeopardized if the U.S. government defaults or if the debt-limit standoff with Congress results in changes to funding sources. “It could absolutely get in the way,” White House Infrastructure Coordinator Mitch Landrieu said Thursday. In a default, […]