Jul. 9 at 2:23 PM
$T $VZ $TMUS $SPCX
Actually Wells Fargo has a point
If SpaceX/Starlink enters Broadband/Telecom market through MVNO+ Satellite route then growth head room for three existing telcos will reduce, Pricing competition can increase with big pocket players like SpaceX and Debt burden/cost of existing telcos will go up significantly
It’s a double edged sword.
And if one of 3 existing telcos does MVNO deal with SpaceX/Starlink then other two stocks will take a huge beating hence long term investors want to see which horse SpaceX bets on and who are other two left behind
Per Wells Fargo
1. VZ has best chance of MVNO deal
2. TMUS no 2
3. AT&T least likely
Price action is a big tell
