Tool · XLSX · version 1.0
Who can afford to build a second mobile network
Five incumbents modelled to the money left after capex and dividends, and four satellite operators as filed beside them.
XLSXDownload14 KB
Free. No sign-up, no email required, no interstitial. Share it with whoever needs it.
Who it is for
Investors, corporate development, and anyone sizing a competitive response.
What is in it
- Five American incumbents and four satellite operators, FY2025 and H1 2026, as filed
- Operating cash flow less capex less dividends for the five incumbents, per company and in total
- A scenario: put a build cost against it and see what share of the sector’s discretionary cash it consumes
- A switch for whether the cable operators count, since the published $33.8B headline is the three mobile carriers only
- The four satellite operators as filed, for comparison. Reference figures, not modelled
What it will not do
It measures capacity, not intent. A company with the money may have no reason to spend it this way.
Sources
Company Forms 10-K (FY2025) and 10-Q (Q2 2026) as filed with the SEC, via EDGAR XBRL company facts. Retrieved 17 September 2026.
The analysis behind it
If you use this and find an error, tell us at hello@blueprysm.com and we will correct it and say what changed. Last updated 29 September 2026.