CellularVision (CVUS): 2-way LMDS wireless cable. Message Board

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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.

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To: James Fink who wrote (793)	12/30/1997 10:33:00 AM
From: Brian Coakley	Read Replies (1) of 2063

James, I believe the correct calculation is 8.6 mil X $35 X 11.5 = $3.4 billion. The 11.5 represents the channel component of the channel pop calculation that many wireless firms are using to compare spectrum holdings. Each 100 mhz of frequency is considered 1 channel, and thus the 1150 mhz of frequency CVUS (or 11.5 channels) has in NY means that they have 98.9 million channel pops. I don't believe the $35 dollar figure is realistic. The highest guesstimate I've seen is $8 per channel pop. When the FCC announced plans for an auction in the 38 ghz range in 1995 (I know, outdated but all I have to go by) they said that a deposit of $2 per channel pop was required to bid. Thus, I think using $2-4 as a number is reasonably conservative, which still means CVUS has between $200-400 million worth of spectrum. BUT, nobody knows until the auction. As a long time WCII shareholder, I hope the LMDS auctions go well because it will help place a value on the spectrum WCII holds. Good Luck, Brian

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