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Talley Sheet Q1 2025

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There are growing indica ons that wireless network operators like AT&T and T-Mobile won't need to build new cell towers in rural, uncovered areas anymore. A er all, there are already hundreds – and soon, thousands – of satellites that will cover those areas with increasingly powerful wireless services. A number of top company officials are already contempla ng this new reality. "That's why we partnered with AST [SpaceMobile]," said AT&T COO Jeff McElfresh at the company's recent analyst day, in reference to AT&T's satellite partner. "That's why we invested with them to get their technology li ed up into orbit. And you'll see us plug in their services on the edge where we don't cover, over the ocean, in the Grand Canyon, in places where, today, it doesn't pay for us to put up wireless cell towers to cover that footprint." Other operators have discussed similar situa ons. In the future, a company like AST might eliminate the need for a cell site and cell tower build in certain loca ons, speculated Ma Desch, the CEO of satellite operator Iridium, during his company's recent quarterly conference call. Desch made it clear that satellites won't serve as a replacement for terrestrial, cell tower-based services. But he did acknowledge that satellites could limit the expansion of cell towers into increasingly rural loca ons. "There will be [cell] sites that won't be built," Rick Mostaert, Mavenir's VP of radio access network (RAN) product management, told Light Reading recently. Mostaert and Mavenir's Suman Sharma speculated that widespread, cellular- capable satellite networks could lead some wireless network operators to shu er expensive-to-run cell towers in rural areas where there's not much traffic. Are the days of new rural cell towers over? Talleycom.com SHEET QUARTER 1 2025

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