- There is tremendous excitement and media hype surrounding the buildout of 5G networks in the US.
- Based on the wireless telco capex spend and revenue growth of the radio access equipment and tower companies, the pace of the 5G network buildout is slower than I expected.
- If we take a long term-view on the size of the 5G opportunity, valuations do not appear to have factored in the upside of a full buildout.
- I believe T-Mobile, Crown Castle, and Ericsson are potentially attractive 5G plays, but it will take time for them to realize their full potential.
For further details see:
The Great 5G Network Buildout: Current Status And Potential Winners