Service Properties Trust T.SVC

Primary Symbol: SVC

Service Properties Trust is a real estate investment trust. The Company operates through two segments: hotel investments and net lease investments. It owns a portfolio of hotels and net lease service and necessity-based retail properties. The Company owns over 221 hotels with approximately 37,000 rooms or suites located in over 36 states, in the District of Columbia, Ontario, Canada and San Juan, Puerto Rico. It owns approximately 752 service-oriented retail properties with over 13.3 million square feet located in approximately 42 states. The Company’s net lease portfolio is occupied by over 175 tenants, which is operating approximately 137 brands in over 21 industries. The Company's net lease portfolio is leased to tenants that include travel centers, quick service and casual dining restaurants, movie theaters, health and fitness centers, grocery stores, automotive parts and services and other businesses in service-oriented and necessity-based industries.

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Service Properties Trust > Scotia's insight on net neutrality (Feb 5th, 2015)

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Post by zero2millionon Feb 05, 2015 10:49am

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Scotia's insight on net neutrality (Feb 5th, 2015)

The FCC will be reclasifying broadband internet access as a telecommunications service, but will forbear from provisions that are not relevant to modern broadband services and not in teh publics interest.

Forbearing rate regulation: ISPs will not be subject to tariffs or other forms of rate approval, unbundling, or other forms of utility regulation. No rate regulation is the most important to SVC since its solutions are being used to provide different plans for various services. We believe forbearing rate regulation allows SVC's solutions to continue to help carriers provide differentiated service plans.

Three bright line rules: no blocking, no throttling, and no paid prioritization.
We do not believe these rules have an impact on SVC since we do not believe itsproducts are used in this manner.

Reasonable network management: An ISP may engage in legitimate networkmanagement - management for commercial purposes is not permitted. We believe SVC's traffic control products could play a role here since ISPs will need to prove their traffic management practices comply with the rules. DPI solutions could provide auditing features that help ISPs make a case for controlling traffic.

In our opinion, the proposed rules do not seem to have much impact on Sandvine and should alleviate some of the overhang on the shares.