Wellington Capital
Advisory
NetCo
Investment size
USD 200 - 300 Million
Transaction type
Spectrum/network consolidation
Exit strategy
IPO or trade sale
Investment description
NetCo is an initiative to consolidate the spectrum and network of CDMA operators to give them leverage to compete on a more equal footing with the GSM operators on the rationale that currently the spectrum was fragmented and ~75% of the market share belonged to the top three GSM providers who had a combined spectrum of 100 MHz and that the CDMA operators only had ~13% market share and a combined spectrum of 30 MHz.
WCA value creation
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Developed the preliminary stage of the business including initial high-level business case and feasibility analysis based on the consolidation of CDMA operators.
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Collaborated with 3 CDMA operators and 2 strategic business partners (Qualcomm & Huawei) for commitment in the preliminary analysis stage of NetCo.
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Performed a feasibility analysis based on the consolidation of 3 CDMA operators.
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Lobbied regulators for future regulations to allow spectrum sharing and technology neutral policies.