I am sure he may have something up his sleeve. But how exactly is Rama going to compete, are they going to acquire real infrastructure or build cell sites? It will be pretty costly to build something from the ground up or to acquire customers from Verizon or AT&T, just ask T-mobile and Sprint.

Unless they have some game changing wireless technology than I don't see it happening and investors may as well put their money down a black hole.

BI says "Part of his plan involves installing microcells in customer's homes to blanket the nation, but also making it as easy as buying a cellphone to sign up for it. Another key to the plan is a portfolio of zero-rated apps that won't cut into your data, Palihapitiya said."

^That does not sound like a very good plan. Carriers like AT&T and T-mobile already have microcell options, and most people won't opt for it especially if other people get use the microcell at the cost of the person's personal bandwidth with their ISP.

What is Zero-rated apps? Isn't it similar to what T-mobile is already doing with their video and audio streaming; whitelisting Apps that will not count against data. Most carriers also have WIFI calling.

That auction that he wants to participate in, isn't that for low band spectrum like 600Mhz. That is good of extending coverage but will not increase your download speeds. Carriers like to have both low band and high band.