Here's an interesting development in a company I've followed for some time. I must admit I've dropped serious coverage to follow other companies, but it hits the radar today being up 39%.
The company is People's Choice TV, PCTV. They have wireless cable licenses for MMDS service. It's got some interesting capability for 140 channel TV and high speed Internet service, 2.7 MBPS.
The whole thing seems to have been stalled, IMHO, by politics, but this may be freeing up quickly now.
Anyway, today the market reacted to a news Monday that MCI WorldCom Inc. recently spent about $200 million to $300 million to buy bonds of several small wireless cable companies.
While many of these companies filed for bankruptcy, their wireless spectrum is still valuable to long distance companies such as MCI WorldCom, which are searching for ways to directly connect to their customers, analysts said.
MCI WorldCom could use the wireless technology as the so-called ''last mile'' to bridge the gap between its long distance communications network and its customers. The Baby Bell phone companies control the connections directly into homes and businesses.
If MCI WorldCom controlled the wireless licenses, it could bypass the Baby Bell's local networks and avoid the costly access fees it must pay the local phone companies.
biz.yahoo.com
The following link is to a interview with PCTV CEO detailing the service capability and their markets.
businesstech.com
I have a feeling we could be seeing a potential grab coming where these companies provide the important last mile for many. Here you have AOL, Mindspring and others fighting for access to TCI's cable, but not getting it. They need the "last mile". If this service is ready to fall into place, and they seem to have made a new FCC agreement just in September, this could be very interesting.
Sure would be interested to hear your thoughts.
Regards,
Mark
PS Here's the SI thread for PCTV to get a little background. |
