Research

Research

Independent institutional research on U.S. broadband markets and fixed-mobile convergence — built on original data synthesis and 30+ years of inside-operator experience.

Quarterly Report

FMC State of the Market

U.S. Broadband & Fixed-Mobile Convergence — Quarterly Institutional Research

A structured quarterly report covering the full competitive landscape of U.S. broadband — market structure, operator performance, geographic competition, network dynamics, and financial outcomes. Each edition synthesizes FCC Broadband Data Collection releases, Ookla Speedtest Intelligence, and operator financial disclosures into a single investment-grade analytical framework. Written for analysts and investors who need to understand not just what the numbers show, but why they happen.

What’s covered

Market structure & technology mix
Geographic competition & overbuild analysis
Operator strategy & FMC positioning
Network performance by technology & operator
ARPU, churn, and financial modeling
FWA capacity constraint analysis
Convergence outcomes & winner/loser framework
Forward scenarios & stabilization conditions
Cadence Quarterly
Format PDF Report
Data sources FCC BDC · Ookla · Operator disclosures
Coverage U.S. national + H3 market-level

Built for

TMT equity analysts Infrastructure PE & credit funds Long/short telecom funds Broadband operators Strategic advisors
Sample Report — FMC State of the Market (2026)

[Teaser PDF coming soon — request early access below]

Request Access Request Sample Pricing provided on inquiry. Annual subscriptions and per-report access available.

Data: FCC Broadband Data Collection (BDC) D24–J25 · Ookla Speedtest Intelligence® · Operator financial disclosures · OpenVault broadband usage data

Ad-hoc Reports

BTC Insights

Topic-Specific Analysis Published Between Quarterlies

Focused, investable analysis on discrete questions — published as market conditions, earnings results, regulatory developments, or data releases warrant. Each BTC Insight addresses a single question with the same analytical rigor as the quarterly report, in a tighter format designed for fast consumption.

Representative topics

  • FWA spectrum budgets and subscriber ceilings by operator
  • DOCSIS 4.0 upgrade economics — timing, cost, and competitive impact
  • Cable stabilization scenarios — what conditions are required and when
  • FMC bundle churn analysis — what the data actually shows
  • Regional fiber operator competitive impact — where overbuild is intensifying fastest
  • Upstream demand inflection — implications for network architecture and switching behavior
  • FCC BDC methodology changes and impact on reported market structure

Product details

10–25 pages per insight
Single investable question per report
Published as warranted by data & events
Available individually or bundled with quarterly subscription
Cadence As published (typically 2–4 per quarter)
Format PDF Report
Access Individual purchase or subscription bundle

Built for

TMT equity analysts Infrastructure PE & credit funds Broadband operators Diligence teams
Inquire About Access Notify me when new insights are published — include your email in the inquiry.

Need direct engagement?

For investors and operators requiring analysis beyond published research — expert consultation, diligence support, and independent advisory engagements are available. Engagements range from a single expert session to deeper diligence or strategy work.

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