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MISSION
 

The Broadband Financial Committee provides a forum within the Wireless Communications Association where investors can interact with operators and vendors. The goal is to increase understanding of financing opportunities and requirements within this sector and to facilitate communications within the financial community and the wireless broadband industry.

WCA Value Proposition for Investment Banking and Venture Capital Firms:

  • Facilitate deal-flow
  • Foster relationships with carriers & their eco-systems
  • Maximize exit strategy opportunities
 
LEADERSHIP
 
Task Force Chairman
Douglas J. Burke Douglas J. Burke
Managing Director
Morgan Joseph & Co. Inc.
<Biography>
Task Force Chairman
Kevin Reidy Kevin Reidy
Vice President
RBC Daniels
<Biography>
Matt Robison Matt Robison
Director of Research, Senior Vice President and Technology Analyst
Ferris, Baker Watts, Inc.
<Biography>
Andrew Bartley Andrew Bartley
Principal Investment Officer
International Finance Corp. (IFC), World Bank
 
Adlane Fellah Adlane Fellah
Senior Analyst
Maravedis Research
<Biography>
Sandeep Beotra Sandeep Beotra
Director
Morgan Joseph & Co., Inc.
Emmy Johnson Emmy Johnson
Founder & Principal Analyst
SkyLight Research
<Biography>
 
 
JOIN THE BROADBAND FINANCIAL TASK FORCE
 

The committee is open to members of the financial community, including investment bankers, venture capitalists, and other investment professionals who are actively engaged in the broadband sector.

Membership in the WCA is required for participation in the task force. Benefits include access to WCA resources such as the WCA member Bulletin, the daily WiMAX/4G Global Update, and access to other relevant WCA committees and publications, as well as discounts to WCA events.

WCA Value Proposition for Investment Banking and Venture Capital Firms:

  • Facilitate deal-flow
  • Foster relationships with carriers & their eco-systems
  • Maximize exit strategy opportunities

WCA Value Proposition for Financial Non-Government Organizations:

  • Get Access to private sector industry leaders
  • Stay current on most recent regulatory trends
  • Utilize Cost-effective channel for distributing relevant information

WCA Value Proposition for Research Analysts:

  • Stay Abreast Of Industry Developments
  • Get Exposure To Industry Leaders
  • Grow Report & Consultancy Revenues

 

 
FINANCIAL COMMUNITY WCA ENDORSEMENTS
 

"When I come to the events like WCA, I meet with real entrepreneurs who are working on real products, instead of getting the prepackaged processed Washington, D.C., product that's so often delivered into the office. The show is terrific, the enthusiasm here is much higher than certainly it was in past years, and it's going to help us meet the President's goal of universal affordable access to broadband for all Americans by 2007. "
-- Michael D. Gallagher, Assistant U.S. Secretary of Commerce for Communications & Information and NTIA Administrator

"WCA provides a unique resource to understanding the financial and business implications of the technology - something that is much-needed in today's rapidly changing market."
-- George Wozencraft, Principal, Broad Oaks Partners & Member

I find my time with WCA to be very productive in terms of contacts and expert discussions because everyone relevant to my broadband wireless investment business is present: licensees, vendors, consultants, regulatory authorities. Any question you might have, the relevant expertise is there.
-- Joshua Graham, President, Frontline Advisors & Member, WCA Broadband Financial Task Group

"There is going to be a lot of growth in the broadband wireless industry over a very short time. A significant part of last-mile connections will be wireless. Now -- when valuations are low -- is the time to scout out the premium companies. WCA's Symposium in January has virtually all of the key players amongst vendors and operators. If you're an institutional investor how can you pass over this opportunity?"
-- George C. J. Bigar, Chairman, Veritas Advisors, L. P.

"The WCA conference in Washington DC was an enriching experience for the NextWave Broadband staff. As one would imagine, the conference served as an important meeting place for the expanding wireless community. The WCA provided a platform that allowed our employees to meet and do business with other like minded professionals. This type of networking opportunity is an important resource to any company attempting to find new contacts that would allow them to expand their business. Further, the depth and breadth of the sessions offered helped NextWave attendees from our Financial, Legal, and Technical departments gain a robustly expanded understanding in a variety of important and ground-breaking topics. This year's WCA conference delivered on its promise to keep wireless industry professionals thoroughly informed of the state of the wireless marketplace, from the financial, regulatory and technical perspectives. The WCA conference facilitates something that growing industries like wireless needs; a place for wireless professionals to gather, teach, and learn."
-- George Alex, Chief Financial Officer & Kenji Scott, Director of Finance,, NextWave Broadband Inc.

"We are excited about partnering with the WCA. We are seeking cooperation with carriers, spectrum holders, RF equipment manufacturers, network infrastructure and secure vendors."
--- Mark Adams, Chief Engineer, Wireless Systems, Northrop Grumman IT

"The conference was an outstanding aggregation of virtually all of the people I needed to meet, all assembled in one place. I was able to connect with the carriers in the space I'm covering following their presentations, and most of the equipment vendors, of course, had booths in the exhibit hall. The presentations were very timely and informative -- a fruitful, enjoyable, well-organized conference. I'll certainly attend future events as often as possible (pending schedule conflicts and time constraints, of course).
-- Geoff Wilbur, Analyst, New Paradigm Resources Group

"The WCA Global Carrier Investment Forum has proved valuable because it has drawn a large audience with different perspectives - solution providers, operators and technology manufacturers, as well as the financial community."
-- Deepak Kamra, General Partner, Canaan Partners

"WCA's Investment Forum has been beneficial in learning more about new technology and in sharing ideas with other service providers for marketing and business development."
-- Michael Edenholm, CTO, WestTel Ltd., Cayman Islands (Service Provider)

"WCA is a tremendous resource for information and advocacy in the wireless carrier industry. It's lean, it's mean, and it's a huge asset for anyone doing business in this industry."
-- Mark D. Sena, President & Managing Partner, MediaSphere Partners, LLC

"WCA's Investment Forum was excellent! It provided a big turn-out from the industry for quality programming, top speakers and really valuable networking with great people."
-- Erik Zamkoff, Securities Analyst, Morgan Joseph & Co., Inc.

"Even though I have been active in the wireless and mobile computing space since 1994, this was my first WCA convention and I enjoyed it as an observer. The speakers were well-selected and represented a wide range of vendor and carrier interests. The product showcase was good as well. In particular, I liked your creating a distinct 'Gov-MAX' track for public sector networks, public safety in particular. As a serious analyst and consultant in the public safety space since 1993, it is important that the industry (carriers and infrastructure suppliers) understand the requirements, especially when their needs are getting ever-increasing attention for homeland security."
-- Chander Dhawan, Principal Consultant and Publisher of the information portal www.mobileinfo.com & Author, Mobile Computing: A Systems Integrator's Handbook and Remote Network Access (both books published by McGraw-Hill)

"As a newcomer to the wireless industry, I found the WCA Symposium to be very valuable. The speakers were truly knowledgeable, but they kept the information at a level that I was able to understand. I learned a lot and feel more confident in our plans to establish a WISP."
-- Glenn Moore, Mohawk MM Investments

"The 12th WCA International Symposium was chock full of keen insights into the current state and future direction of broadband wireless access (BWA) - both fixed and mobile varieties. Most of the WCA sessions focused on WiMAX related technologies, but there were sessions on municipal WiFi, spectrum allocation and an excellent overview of the Internet Multimedia Subsystem (IMS).
-- Alan Weissberger, Analyst, IGI Group

"An extraordinary synergy was in play over the three-day WCA 2005 period that I was able to attend. The Public Safety sessions alone netted me more pertinent contacts than those accrued as a result of any previous broadband wireless forum I've attended -- and indications led me to believe others were equally delighted with the conference dynamics and outcome. The conference programming stimulated much thought, provoked many constructive discussions, and resulted in my acquiring a more accurate and inclusive understanding of the broadband industry."
-- William De Camp, Department of General Services, Telecommunications Division, State of California

"This Intel Corp. leadership role for WCA's latest Symposium is a logical extension of Intel's support for the wireless broadband industry's progress towards achieving critical mass with worldwide deployments of standards-based solutions."
-- Ronald J. Resnick, Chairman & President, The WiMAX Forum

"I would like to take a few minutes to congratulate you for the fine work you and your team put to make the WCA show a successful event. I found the sessions very instructive."
-- Adlane Fellah, CEO & Founder, Marvedis Research

"Many rural residents are going to benefit from WCA's efforts in bringing together operators and funding sources such as those from the U.S. Department of Agriculture, fostered by support from key members of Congress advocating for rural Internet expansion."
-- Dr. Weston E. Vivian, President, Vivian & Associates and Former Member, U.S. Congress

"The show went very well, and it was great to see the ideas that we heard about in June being successfully implemented. The industry is turning the corner and we should start to see significant deployments in the next 18 months. This is a critical yet exciting time for the industry and it is great to have the support of a strong organization, like WCA, backing its progress."
-- Emmy Johnson, Principal Analyst, Sky Light Research

"Allow me to congratulate you most heartily on the brilliant success of WCA 2003. Coming all the way from the Cameroon, I have found it entirely worthwhile. The Featured Special Session on 'The Growing Connection: Wireless Solutions to Hunger & Rural Poverty' was of particular interest to me, as you can well imagine. The talk on 'Rural Broadband Update' dealing with the Rural Utilities Serivce of the U.S. Department of Agriculture was also of special interest."
-- Chief Victor Mukete, Chairman, Camtel (Cameroon Telecommunications)

"A sincere 'Gratulatus - Recognito - Observatio' for a well-attended and organized WCA Symposium in San Jose, CA. The paper presentations and, in particular, the panel discussions were well-presented and well-perceived by the delegates. The Symposium reflected a positive and transitive direction within the Wireless Industry with special emphasis of the emerging license exempt and Wi-Fi technology in a big way."
-- Dr. Arno J. Kosko, President & CEO, K.C.C., Inc.

"This market is alive, kicking and growing thanks to WCA."
-- David Shani, Vice President, International Marketing & Sales, MTI Wireless Edge

 
 
FINANCIAL LINKS
 

The following organizations have shown their interest in the wireless broadband industry by speaking at or otherwise attending recent WCA events, joining WCA events as supporting Media Partners or by joining the association’s Broadband Financial Task Force.

 

Investment Analysts

 
Aberdeen Group
www.aberdeen.com
Ferris, Baker Watts, Inc.
www.fbw.com
BIA Financial Network
www.bia.com
First Albany
www.fac.com
Brad Peery Capital, Inc.
www.peery-inc.com
Legg Mason
www.leggmason.com
Deutsche Banc Alex. Brown
www.db.com

Precursor Group, The
www.precursorgroup.com

Dolphin Equity Partners
www.dolphinequity.com
UBS Investment Research
www.ubs.com
   

Industry Research Analysts

 
ABI Research
www.abiresearch.com
Kerton Group
www.kerton.com
Analysys
www.analsys.com
Maravedis, Inc.
www.maravedis-bwa.com
Five Wireless, LLC
www.fivewireless.com
Meta Group
www.metagroup.com
Flash Technologies & Information
www.dree.org
Pew Internet & American Life Project
www.pewinternet.org
Friedman, Billings, Ramsey & Co.
www.fbr.com
Pyramid Research
www.pyr.com
Gartner Group, The
www.gartner.com
Senza Fili Consulting LLC
www.senza-fili.com
IBM Research
www.us.ibm.com
SkyLight Research
www.skylightresearch.com
IDC
www.idc.com
Selbo Group, The
IGI Group
www.igigroup.com
Visant Strategies
info@visantstrategies.com
In-Stat/MDR
www.instat.com
Washington Analysis
gdellinger@washingtonanalysis.com
Kagan World Media
www.kagan.com
Yankee Group, The
www.yankeegroup.com
 

ATTORNEYS
 
   
Fish & Richardson, PC
www.fr.com
Rini Coran, PC
www.rinicoran.com
Fletcher, Heald & Hildreth, PLC
www.fthhlaw.com
Wilkinson Barker Knauer LLP (WCA Counsel)
www.wbklaw.com
Mintz Levin Cohn Ferris Glovsky & Popeo
www.mintz.com
 
 

FINANCIERS & BROKERS
 
   
Apax Partners
www.apax.com
InOvate
www.inovate.com
Astra Funding Group
www.astrafunding.com
Intel Capital
www.intel.com
Bay Partners
www.baypartners.com

Ivy Hill Partners
www.ivyhill.com

BCE Capital
www.bcecapital.com
JP Morgan
www.jpmorgan.com
Bear Stearns Companies
www.bearstearns.com
Larkspur Capital
www.larkspur.com

Broad Oaks Advisors
www.broadoaksadvisors.com

Lehman Brothers Holdings
www.lehman.com
Cantor Fitzgerald Telecom Services LLC
www.cantor.com
Marconi Partners
www.marconipartners.com
Carlyle Group, The
www.carlyle.com
Matrix Partners
www.matrixpartners.com
Case Technology Ventures
www.cwru.edu
MediaSphere Partners
www.mediaspherepartners.com
Centennial Ventures
www.cenntennial.com
Merriman Curban Ford & Co.
www.merrimanco.com

CIBC World Markets
www.cibc.com

Merrill Lynch & Co.
www.ml.com
Citibank
www.citigroup.com
Nokia Venture Partners
www.nokiaventurepartners.com
Daniels & Associates
www.danielsonline.com
OVP Venture Partners
www.ovp.com
Doll Capital Management
www.dcmvc.com
Pac-Link Management, Inc.
www.paclinkventure.com
Eagle River Investments Piper Jaffray
www.pjc.com
Evercore Ventures
www.evercore.com
Railhead Partners, Inc.
www.railhead.us
Firsthand Funds
www.firsthandfunds.com
SG Cowen Securities Corp.
www.sgcowen.com
Fortunetech Partners
www.fortunetechvc.com
Signal Lake Venture Fund
www.signallake.com
Garage Technology Ventures
www.garage.com
Silicon Valley Bank
www.svbank.com
GE Capital
www.ge.com
Southwest Securities
www.swst.com
GE Structured Finance
http://gestructuredfinance.com
Sterling Venture Partners
www.sterlingcap.com

Goldman Sachs
www.gs.com

Stroh Publications
www.strohpub.com
Globespan Capital Partners
www.globespancapital.com
Vantage Point Venture Partners
www.vpvp.com/about/contact.asp
Granite Ventures
www.granitevc.com
Venture Capital Resource
www.venturehousegroup.com

Harbinger Venture Management
www.harbingervc.com

Veritas Advisors
www.veritas-advisors.com

Houlihan, Lokey, Howard & Zukin
www.hlhz.com

Vulcan Inc.
www.vulcan.com

HSBC
www.hsbc.com

Wachovia Securities
www.wachovia.com
Ignition Partners
www.ignitioncorp.com
William Blair & Co.
www.williamblair.com
InnovacomVC
www.innovacomvc.com
Wells Fargo & Co.
www.wellsfargo.com
 
 
MAJOR FINANCIAL REPORTS ON BROADBAND
The following organizations have shown their interest in the wireless broadband industry by speaking at or otherwise attending recent WCA events, joining WCA events as supporting Media Partners or by joining the association’s Broadband Financial Task Force.

2006 - 2007: Sample Reports

ABI Research

"WiMAX 2.0 – Why 802.16m Is Not Irrelevant"

Author: Philip Solis, Principal Analyst, Mobile Broadband
Date: June 28, 2007
www.abiresearch.com

George Mason University

"The Economics Of The Satellite Radio Merger"

Author: Thomas W. Hazlett, Professor of Law & Economics, George Mason University
Date: June 14, 2007

DragonWave

"Converged WiMax-Cellular Backhaul Networks Exploiting Wireless Ethernet Mesh Technology"

Author: Erik Boch, CTO
Date: May 2007

AEI-Brookings Joint Center For Regulatory Studies

www.aei.brookings.org

(November 2006)
"The Myth of Network Neutrality and What We Should Do About It"

Maravedis, Inc.

www.maravedis-bwa.com

Maravedis, Inc. of Montreal, Quebec is a leader in Telecom market research and analysis, specializing in Broadband Wireless Access technologies and markets. Serving the most prestigious names in the industry among vendors, regulators, service providers and other stakeholders, we offer our clients flexibility and results tailored to meet their needs. We do both publish landmark market reports on a regular basis, and perform consulting mandates for our clients.

Recent publications include:
"Maravedis predicts more than 750,000 BWA/WiMAX subscribers in Brazil by 2010"

"WiMAX Mobile at a Cross Roads"

"
WiMAX, NLOS and Broadband Wireless Access (Sub-11Ghz) Worldwide Market Analysis 2004-2008". More than 50% of WiMAX forum members already purchased this report! See website to download Table of Contents.

"Maravedis Announces Major New Report on BRS, EBS & WCS Regulatory & Licensing Analysis"
Maravedis "BRS, EBS and WCS Regulatory and Licensing Analysis"

"BWA Market Shares & Growth Charted By Maravedis"

Morgan Joseph

www.morganjoseph.com

Raising Funds From Venture Capitalists For 4G Carrier Build-Outs

New Paradigm Resources Group

www.nprg.com

Fixed Wireless Market To Top $1 Billion By 2009
Fixed wireless market could top $1.0 billion by 2009, targeting the high-volume wireless/wireline backhaul markets and large corporate enterprises, New Paradigm Resources Group predicted in a report.  Among its predictions: Fixed wireless carrier revenue derived from cellular backhaul could explode 50-fold to nearly $630 million by 2009, and revenue from special access and fiber extension, now slightly under $4 million, could reach $261 million in three years.  Tiny today, with expected revenue of just $1.2 million in 2006, broadband wireless/WiMAX backhaul market may show the highest growth rate of all, reaching $173 million in 2009, said the report.

SkyLight Research

www.skylightresearch.com

(2006)
Sky Light Research (SLR) is an objective, third party research firm focusing on wireless last mile WAN technologies.  SLR works with equipment vendors, operators, and the investment community to establish accurate and reliable numbers for reports that are published every 90 days, on a quarterly cycle. By analyzing current activity in the market, at silicon, equipment, and operator levels, SLR is able to help its clients make strategic decisions that help them to compete more effectively. Target markets  include:
  - point-to-point microwave radios,
  - point to multipoint broadband wireless access systems,
  - point to point Ethernet Bridges, and
  - narrowband or wireless local loop systems.

(2006)
Wireless Broadband State of Market 2006-2010 (2008 Volume Year for Mobile Broadband)
Mobility to claim almost 80% of the wireless broadband market by 2010
Scottsdale, Arizona, June 20, 2006—Sky Light Research, a trusted source for accurate and detailed wireless market research, published today Wireless Broadband State of the Market 2006-2010 report. The report includes an analysis of overall market trends as well as a five year forecast for the global wireless broadband... [more]

(2006)
SLR's Point Of View: The Importance Of An Ecosystem
The wireless ecosystem was a notable concept before August 8, but now that Sprint has announced its 4G technology choice there is no dispute that technology alone does not a decision make. Before it gave homage in the August 8th press conference to the runners up in the 4G race, Sprint outlined the four factors that benchmarked its decision... [more]

(2007)
SLR Point of View: WiMAX Base Station Deployments Strong
With all the talk about WiMAX, and the skeptical buzz about reality matching up with ambitious projections, the bottom line is not so much about what it can do as when it will ship and start bringing in revenue. Sky Light Research tracks wireless broadband revenue worldwide on a quarterly basis and WiMAX revenue has become a reality only recently...[more]

Stephens Inc.

www.stephens.com

(January 23, 2007)
Analyst Report
In our view, 2006 was a year of significant progress in the broadband wireless industry that set a solid foundation for growth in 2007. We think that whereas 2006 was largely devoted to showcasing the potential of WiMAX as a technology, 2007 will be the year the technology becomes more mainstream, as deployments accelerate, carrier business models get refined and consumer devices become available. This year's WCA conference helped to underscore our view that WiMAX is very much on the cusp of becoming a mainstream technology. Further, the conference highlighted for us how the deployment of truly broadband-enabled networks will change the landscape of how carriers deploy and subscribers utilize wireless services [more]

Stifel Nicolaus

www.stifel.com

(March 2, 2007)
700 MHz: A Pivotal Auction
New Blood for Broadband & Video or Telco/Cable Sweep
The FCC’s upcoming spectrum auction in the 700 MHz band is shaping up as a key event in the communications industry: it could open the door to new wireless broadband and video competition to the Bells and cable, but the incumbents appear likely to make a strong bid to acquire much of the spectrum [more]

U.S. Federal Trade Commission

www.ftc.gov

(Staff Report, Sept. 2006)
U.S. Federal Trade Commission: "Municipal Provision of Wireless Internet"
  
Many leaders in the U.S. acknowledge that broadband Internet service (“broadband”)1 is crucial to the American people and its economy. For example, President George W. Bush noted in 2004 that: “This country needs a national goal for . . . the spread of broadband technology. We ought to have . . . universal, affordable access for broadband technology by the year 2007, and then we ought to make sure as soon as possible thereafter, consumers have got plenty of choices when it comes to [their] broadband carrier.”2 The President noted in 2004 that the U.S. ranked tenth “amongst the industrialized world in terms of broadband technology and its availability...

Wireless Communications Association International (WCA)

www.wcai.com

(2006)
WCA Filing of Pelcovits
Dear Chairman Martin:
The Commission is evaluating a proposal by some within the Educational Broadband Service ("EBS") community to reinstate the former fifteen year maximum permissible term of any lease of EBS spectrum. The Wireless Communications Association International, Inc. ("WCA") and a wide range of 2.5 GHz broadband system operators and EBS licensees oppose that proposal because a fifteen year term is simply too short to allow an adequate return on the multi-billion dollar investment needed to fully develop the 2.5 GHz band. WCA has explained that reimposing a fifteen year maximum term limit would be contrary to the policies underlying the Commission's Secondary Market policies and will drive investment to other spectrum bands to the detriment of the very educators that the proposal purports to benefit. There is no valid policy reason for that to occur - EBS licensees are well-equipped to negotiate leasing arrangements that fully protect their current and future educational needs, and lessees are willing to accommodate those needs, without arbitrary "one size fits all" Commission restrictions. [more]

(April 26, 2006)
WIDAT Group AWS CONFERENCE
WCA President & CEO, Andrew Kreig , addresses the WIDAT Group AWS CONFERENCE
Harvard Club, New York, NY
<Go to the Address>

(2006)
WCA 2006
To Frame Debate On Muni-Wireless

Momentum for city-funded “Muni-Wireless” broadband services continues to expand this spring.  Illustrating this was an Associated Press article on May 13 headlined: “300 Communities Across US Developing Or Deploying Wi-Fi Projects,” noting the progress in initiatives in Philadelphia, Chicago, San Francisco and elsewhere.  [more]

 
 
 
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