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Industry Landscape

The telecommunications industry is characterized by rapid technological advancements, especially in fiber optic and 5G deployment. There's intense competition, a focus on bundling services, and growing demand for high-speed, reliable internet for remote work, streaming, and smart homes. Providers are emphasizing no-contract, transparent pricing to attract and retain customers.

Industries:
BroadbandFiber OpticISPMobile ServicesStreaming

Total Assets Under Management (AUM)

Broadband Internet Subscriptions in United States

~Approximately 125 million (fixed broadband subscriptions)

(3-5% CAGR)

- Driven by increasing demand for high-speed internet.

- Boosted by remote work, online education, and streaming.

- Fiber optic expansion is a key growth driver.

Total Addressable Market

Approximately 500 billion

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

Fiber Optic Expansion (FTTH)

Continued widespread deployment of Fiber-to-the-Home (FTTH) networks will deliver symmetrical multi-gigabit speeds, setting a new standard for internet connectivity.

Fixed Wireless Access (FWA) with 5G

The advancement of 5G-based Fixed Wireless Access offers a viable alternative to traditional wired broadband, especially in areas where fiber deployment is challenging or costly.

AI-Powered Network Optimization

Utilizing Artificial Intelligence for real-time network monitoring, predictive maintenance, and dynamic traffic management will significantly enhance network efficiency and reliability.

Impactful Policy Frameworks

Broadband Infrastructure Act (Proposed)

While not a single act, ongoing federal and state initiatives, often under the umbrella of 'broadband infrastructure' or 'digital equity' acts (e.g., BEAD Program from the Infrastructure Investment and Jobs Act of 2021), provide billions in funding to expand broadband access, particularly in unserved and underserved areas.

These policies provide funding opportunities for WOW! to accelerate its fiber network expansion into new, less competitive markets, directly increasing its customer base.

Affordable Connectivity Program (ACP) Wind-Down (2024)

The Affordable Connectivity Program (ACP), established by the Bipartisan Infrastructure Law, provided a discount of up to $30 per month (or $75 for tribal lands) on internet service for eligible low-income households. Funding for the ACP is projected to run out in mid-2024.

The wind-down of ACP will likely lead to a loss of subscribers for WOW! who relied on the subsidy, potentially increasing churn among price-sensitive customers.

Net Neutrality Reinstatement (Proposed)

The FCC has proposed reinstating net neutrality rules, classifying broadband internet as a Title II telecommunications service, which would prohibit internet service providers from blocking, throttling, or prioritizing lawful content.

If reinstated, net neutrality could limit WOW!'s ability to create tiered internet services based on content prioritization, ensuring fair access for all users.

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