Fibertower Corp fka FBBT

[wirelessman77]

Cancelled Terrestars...understood. No service and no demand and no ATT/VZ chomping at the bit to get to the spectrum.

Cancelled Fibertowers....not understood. Network built in 13 major markets. $300-$400M in capex for backhaul, developed various products progressing the industry, serviced all 4 big carriers as well as some smaller carriers. Went to FCC with plans to build save links etc...Of the licenses cancelled/terminated and some were actually being constructed.

Renewed StraightPath and opened the door for them even though they committed a huge fraud. This is where they opened the flood gates for everyone and anyone who gets their licenses cancelled. Straightpath did zero with their 28/39...nothing and then probably shipped some nuts and bolts in a box to all the locations and checked the boxes with the FCC. This is not an exaggeration. No proof of anything being done with the spectrum but and this is the huge but....28/39 good for 5G and Verizon/ATT wanted it.

So does the FCC(ATT) want the Fibertower licenses tied up in the courts starting in 2019 and lasting until 2020? I don't think ATT can afford to be that far behind Verizon. This is ATT's near bird in the hand and there aren't any birds left in the bush.