William Lehr

To make sure that the Infrastructure Investment and Jobs Act's Broadband Equity, Access, and Deployment (BEAD) program funding is used efficiently and not misallocated, it is important that National Telecommunications and Information Administration (NTIA) rules for allocating those funds be based on sound economic and policy principles. Unfortunately, that is not the case presently. As framed, the BEAD Notice of Funding Opportunity (NOFO) is heavily biased to favor and fund Fiber to the Premises (FTTP) projects.

This paper explains how Mobile Network Operators (“MNOs”) are transforming their networks to meet the 5G challenge and the implications this transformation has for the structure of the cellular industry and broadband competition more generally. Among the many changes both large and small, the transition to 5G is driving MNOs to embrace: (a) agile management of diverse spectrum assets; (b) small cells; and (c) softwarization and virtualization. I explain how the 5G Future will be a converged market in which promoting the survival of fewer but stronger MNOs will promote the healthy evolution