J.P. Morgan Comments On Meetings At CTIA With Neustar

According to J.P. Morgan, Neustar NSR held meetings at CTIA. J.P. Morgan reported that it attended meetings with Neustar management yesterday at the annual CTIA conference in Orlando, FL. “The RFI for the NPAC contract that makes up ~60% of total NSR revenue remains delayed indefinitely. Depending on whether the NPAC requirements remain similar to the current functionality, we believe there are three factors to consider when the NPAC contract expires in June 2015: (1) the increased cost of having a dual-source strategy, (2) more than 50% of telephone numbers already in the NPAC, and (3) the relatively small size of NSR in context of other things the FCC is dealing with currently. But until we get the RFI, we are unsure what the industry will require from the NPAC.” Neustar closed yesterday at $24.77.