Verizon shares fall as SpaceX spectrum deal heightens competition concerns
On Oct. 9, Verizon fell about 10% in afternoon trading, to its lowest in over two months, after SpaceX agreed to buy Grain Management’s nationwide 800 MHz spectrum portfolio for about $8 billion, subject to regulatory approval. T-Mobile fell 13.2%; Deutsche Telekom 7.9%. Evercore ISI analyst Kutgun Maral said carriers’ defenses against low-band spectrum claims were weakening.
Why is SBA Communications stock surging today? By Investing.com - Investing.com Nigeria
Why is SBA Communications stock surging today? By Investing.com Investing.com Nigeria
SBA Communications (SBAC) Stock May Be Reasonable Despite Cash Flow Upside
SBA Communications (SBAC) Stock May Be Reasonable Despite Cash Flow Upside Yahoo Finance
SpaceX spectrum acquisition prompts rally in cell-tower operators
On October 9, SBAC was up 5.54% at $179.42 at publication, alongside gains in American Tower and Crown Castle. SpaceX announced October 8 an agreement to acquire Grain Management’s nationwide 800 MHz spectrum portfolio; terms were undisclosed. The article said SpaceX could lease tower space, but had not committed to a nationwide ground-network rollout.