T
AT&T points to FCC changes as it bails out on utility private networking
plans
- AT&T (NYSE:T) had years of effort built up teaming up with Nokia (NYSE:
NOK) on a project to sell private wireless networks to the nation's
utilities - an increasingly important use case for industrial
applications.
- But the telecom giant says those ambitions were dashed by changes at
the FCC, as LightReading's Mike Dano explains.
- In 2019, AT&T counted contracts with 15 different utility companies
across 18 states, and another 14 pending, to use spectrum in AT&T's WCS C
and D Blocks for private networking applications such as smart grids.
- But "other spectrum became available to utilities, causing them to
alter or reconsider their interest in leasing AT&T's WCS spectrum" due to
FCC action, AT&T explained in a letter to the commission uncovered by
Allnet Insights & Analytics.
-...
The only certain thing is the loss of the time value (while trading options)