Wolfe Research says Starlink should buy a Big 3 US carrier

TL;DR: Wolfe Research said Starlink should acquire one of the three largest US mobile network operators to create a fourth national wireless competitor. The analyst note said a new large-scale entrant could reduce profits across the US telecom market. The source excerpt did not name a specific carrier or give a date for the note.

Wolfe Research said Starlink should buy one of the Big 3 US carriers, according to a Fierce Network report. The report said the analyst argued that combining Starlink with a top-tier US wireless operator would create a fourth major competitor in the national mobile market.

The Fierce Network report said the Big 3 carriers are the largest US mobile network operators, or MNOs, which are carriers that own and run their own radio access networks and core networks. The report excerpt did not identify which of the three operators Wolfe Research viewed as the most likely target.

Wolfe Research said a fourth major wireless competitor could squeeze profits across the US telecom market. The source material provided did not include transaction terms, subscriber figures, spectrum assets, or any statement from Starlink or the US carriers.

Related questions

• What did Wolfe Research say Starlink should do in the US wireless market?
• Why did Wolfe Research say a fourth major US wireless competitor matters?
• Did the report name a specific Big 3 US carrier as a target for Starlink?