Fifth-generation (or 5G) technology has generated some buzz in the telecommunications and media space. The 5G network has the potential to considerably reduce latency, boost download and upload speeds, and improve network reliability. According to Statista, 5G wireless subscriptions are forecast to reach 545.0 million by 2022.
In the 5G space, AT&T (T) is challenging wireless competitors Verizon (VZ), T-Mobile (TMUS), and Sprint (S). On January 4, 2018, AT&T’s management announced that it expects to be the first US carrier to launch mobile 5G service in a dozen cities before the end of 2018. However, its management didn’t offer specifics on vendors, costs, airwaves, or pricing.
Verizon on 5G
Verizon (VZ) is set to start the commercial deployment of its 5G fixed wireless broadband services in 2H18, following successful trials in 11 US markets during 2017. The company is looking to launch its super-fast Internet service based on 5G technology in as many as five US markets in 2018.
Verizon is targeting the residential market for its first rollout. While announcing plans for the commercial rollout of its 5G fixed wireless broadband, Verizon anticipated that its initial market opportunity in the residential broadband market could be nearly 30 million households in the United States (SPY).
Meanwhile, Sprint and T-Mobile, two wireless service providers that nearly merged last year, are targeting nationwide 5G network deployment by around 2020.