5G (fifth-generation) technology has been generating some hype in the telecommunications and media space. The 5G network has the potential to significantly reduce latency, boost download and upload speeds, as well as improve network reliability. Based on research by Statista, 5G wireless subscriptions could reach 545 million by 2022.
In the 5G space, AT&T (T) is competing with wireless service providers such as Verizon (VZ), T-Mobile (TMUS), and Sprint (S). AT&T is intending to launch mobile 5G wireless technology in a dozen cities before the end of 2018. However, management hasn’t given specifics yet on vendors, costs, airwaves, or pricing.
Verizon on 5G
Verizon is planning to roll out 5G fixed wireless Internet services in up to five US residential markets in 2H18. The telecom company made this 5G launch pledge after it successfully completed 5G trials in 11 US markets in 2017. Sacramento is expected to be the first of the targeted markets to get Verizon’s fixed 5G Internet services for super-fast download speeds on wireless networks.
Sprint and T-Mobile are also underway with their 5G network preparations. Sprint’s mobile 5G network is expected to be up and running in the first half of 2019, while T-Mobile is targeting nationwide 5G network deployment by around 2020.