文档介绍:Services&TowersSpectrumOverview:Carrier-by-CarrierSpectrumValue&plete,hespectrumholdingsofwirelesscarriersundercoverageandestimateavalueforeachportfolioaswellascarriers’,(2016),AWS-3(2015),700MHz(2008),andAWS-1(2006),spectrumvaluationismoreartthanscience,withvaluesvolatileduetosurgesinsupplyanddemand,andinvestorsshouldthinkaboutthisasabase-casevaluationmethodologyratherthanaclaimtothe'right'$18-30bin2019-—~$750m/$,,weexpect~2400MHzofspectrumfromthe37,39,and47GHzbandstobeauctionedasearlyasthesecondhalfof2019–clearingatanestimated$/$/$,-2019or2020,andestimate~$,theC-onsidersbalancingtheexpediencyofamarket-basedsolutionvsamorehands--Bandspectrumat~$15bor$,&&T’sspectrumisworthabout$prisedof71MHzof700/800MHz(valuedat~$),73MHzofPCS/AWS/AWS-3,and20MHzofWCSatanaverage$/MHz-popof$,aswellas289MHz/$'sspectrumat$72b,including112MHzoftraditionalspectrumaveraging$-prisedof47MHzof700/800MHzand65MHzofPCS/AWS/AWS-3,aswellas$(~),AT&TandVerizonvaluedtheirspectrumat$96band$88b,respectively,&TWireless,whichtradedhandsinhigherpricedmarketsthantoday'senvironment–-MobileandSprintspectrumvalue