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Now underlined that Larry this is an owner of dialing telecommunications.
Larry we had this.
I'm just gonna come out and say -- tiny little earthquake here in New York some people didn't even notice that it happened and you know cellphone service.
Completely out what does this tell us and you know that people are talking about how we now we -- Forging network but we need more bandwidth what what do you make of this there's too much congestion out there that's the problem.
So we do need -- four G network but the problem is the cost of building out of four -- network.
So we so what happened was.
And you'll too much congestion not -- -- weapons but what that means you gotta go ahead and build more towers put more equipment and so -- needs to be done but it needs to be done at the right cost.
Yeah -- company called Clearwire communications which literally run out of cash which sprint right now wants 54% of and they're looking to buy the rest of the company so.
We see what we need but the question is can it be bill -- the right price.
Now that the debate ever bandwidth is constantly coming up with some people saying the government needs to come in and take over more banned weapons and so on.
Some not up for us a little bit on how that all works who owns what and what we need to be done in order to.
Creating more bandwidth that -- -- it is says we need more but nobody really cuts down to how that actually.
-- -- -- -- This is what happens the government owns a spectrum so the government right now us is that wanna go ahead and put through the broadband stimulus plan 500 megahertz of wireless spectrum up for auction.
The problem is who's going to pay for it well I didn't mean -- it sounds like fifth.
-- -- -- -- -- -- -- -- -- this is -- our government has the bandwidth.
And they have to put up for auction in providers have to go ahead and by the bell what but the problem is.
Go to providers can go and afford to -- the band with and then the government the government should stay out of this this is the private sector.
That needs to build it at the right pace.
So they can -- money on instead of you know in the wireline business it was billed and then they will call on the and what happened was most of providers run out of cash.
Tried to refinancing you see all the consolidation.
So it's a great plan but it needs to be done by the private sector.
Two and two equals four -- -- -- it with the cash He got -- the customers to go ahead in and use the service and make money with it.
But so specificity why you're you're saying the private sector -- new but -- think that the private companies don't have the cash phone going to be able to.
The issue right now is you need to make sure that they have the cash to do that and the -- right now let's look at.
The private sector needs to make sure they do that -- -- and the way they're gonna do that is right now we have an anti business administration.
With obamacare and all the other regulations.
So if we can get back we get this country back.
Where the corporate structure allows -- And people can go in and take the profits back overseas single item build these four G networks.
Then you'll have an environment that's a fifty billion dollar I don't doubt Obama care is keeping these private companies from being able to import more abandonment.
It's not just Obama -- solely on the regulation double bombing care you have the EPA.
Cap and trade given all of the actor Colin net neutrality where the government is going ahead and -- look at -- national Latino and all of this -- Nevada is now asking about a -- Had a net neutrality.
Debate fit in with this debate is over whether or not we need more -- Well it's a good it's a say it's a separate issue but the prominent neutrality is if you get the government involved to nationalize the Internet.
Then you got more taxation more regulations so is a lot of uncertainty out there but then if you extend abandonment and what event that belongs to the government -- Well now building develop them belong to the government the carriers by the -- -- from the government but right now once again the government is going -- -- we're gonna put this out for auction.
And they're also trying to push.
Broadband and rural areas.
But if you're provider you're not gonna make money in a rural area because you're not gonna get.
The bang for the buck so once again it's a private sector that has to do this right we saw in the -- -- business everybody went out in the late ninety's.
Build -- the networks.
And -- went to major debt from.
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