FCC Plan for Free Public WiFi Gains Traction After Endorsements From Google and Microsoft
(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwire) -- 02/07/13 --
A recently proposal from the Federal Communications Commission to provide the U.S. public free access to WiFi could become a major obstacle for the $178 billion wireless industry. "For a casual user of the Web, perhaps this could replace carrier service," said Medley Global Advisors analyst, Jeffrey Silva. "Because it is more plentiful and there is no price tag, it could have a real appeal to some people." Five Star Equities examines the outlook for companies in the Telecom Industry and provides equity research on Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) and Clearwire Corporation (NASDAQ: CLWR).
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The Washington Post has recently reported that the FCC has proposed the idea of creating super WiFi networks around the U.S., which would allow the public to make cellphone calls or surf the Internet free of charge. The FCC's plan has been in discussion for years but gained traction after endorsements from Google and Microsoft. The companies believe that easy access to free public WiFi would spur "millions of devices that will compose the coming Internet of things". If approved, it would still take several years before the FCC's proposal would be in full effect.
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Alaska Communications is a leading provider of high-speed wireless, mobile broadband, Internet, local, long-distance and advanced broadband solutions for businesses and consumers in Alaska. The company is scheduled to release results for the fourth quarter and full year 2012 on Thursday, February 28th.
Clearwire, through its operating subsidiaries, is a leading provider of 4G wireless broadband services offering services in areas of the U.S. where more than 130 million people live. The company holds the deepest portfolio of wireless spectrum available for data services in the U.S. Clearwire is scheduled to release results for the fourth quarter and full year 2012 on Tuesday, February 12th.
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