Nyquist Capital » ELNK http://www.nyquistcapital.com More Signal. Less Noise. Wed, 12 Nov 2008 19:18:08 +0000 http://wordpress.org/?v=2.3.3 en Philidelphia Municipal WiFi Analysis http://www.nyquistcapital.com/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.nyquistcapital.com%2F2006%2F04%2F25%2Fphilidelphia-municipal-wifi-analysis%2F&seed_title=Philidelphia+Municipal+WiFi+Analysis http://www.nyquistcapital.com/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.nyquistcapital.com%2F2006%2F04%2F25%2Fphilidelphia-municipal-wifi-analysis%2F&seed_title=Philidelphia+Municipal+WiFi+Analysis#comments Tue, 25 Apr 2006 21:30:00 +0000 Andrew Schmitt http://www.nyquistcapital.com/2006/04/26/philidelphia-municipal-wifi-analysis/ MuniWireless cracks open the terms of the Philadelphia Municipal WiFi contract with Earthlink Inc. (ELNK). It’s worth a look. The contract outsources virtually all business risk to Earthlink. It seems like a great idea. I thought the San Francisco proposal looked economically solid, but SFO is about as tech-savvy as cities get, and is an ideal environment for MuniFi. I’m not so sure about Philly.
(more…)

]]> http://www.nyquistcapital.com/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.nyquistcapital.com%2F2006%2F04%2F25%2Fphilidelphia-municipal-wifi-analysis%2F&seed_title=Philidelphia+Municipal+WiFi+Analysis/feed/ San Francisco MuniFi Economics http://www.nyquistcapital.com/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.nyquistcapital.com%2F2006%2F04%2F06%2Fsan-francisco-munifi-economics%2F&seed_title=San+Francisco+MuniFi+Economics http://www.nyquistcapital.com/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.nyquistcapital.com%2F2006%2F04%2F06%2Fsan-francisco-munifi-economics%2F&seed_title=San+Francisco+MuniFi+Economics#comments Thu, 06 Apr 2006 14:32:45 +0000 Andrew Schmitt http://www.nyquistcapital.com/2006/04/06/san-francisco-munifi-economics/ San Francisco gave the green light to Google (GOOG) and Earthlink (ELNK) to offer wi-fi throughout the city. You’ll get free 300kb/s ad-supported service from Google, or $20 a month for 1Mb/s ISP service from Earthlink.

Total capex is $15MM to install, though I bet that number will at least double to deliver full coverage. Assuming Earthlink spends $15MM on it’s own, they would need around 8,000 subscribers at $250/year to justify the investment and deliver a 15% return. This seems very, very achievable in a city like San Francisco. If Earthlink can win peering agreements with guys like T-mobile to allow roaming outside of SFO, it looks even better.

San Francisco is always on the vanguard of both good and bad.

Correction I neglected to include any provision for Opex in the above calc. Anyone care to take a guess at what that might be?

]]> http://www.nyquistcapital.com/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.nyquistcapital.com%2F2006%2F04%2F06%2Fsan-francisco-munifi-economics%2F&seed_title=San+Francisco+MuniFi+Economics/feed/