Company plans network rollout in nine cities
Sprint (S) has joined the 5G train with plans to start offering mobile 5G services in at least nine cities in the United States by around June this year. Verizon (VZ) launched fixed 5G services in four cities in October, and AT&T (T) followed with the launch of mobile 5G service in a dozen cities in December. T-Mobile (TMUS) is also working on a 5G rollout. Last year, it signed Ericsson (ERIC) and Nokia (NOK) for 5G equipment supplies, handing out contracts worth $7.0 billion in total.
Samsung, LG, and HTC drafted to make 5G devices for Sprint
Sprint has partnered with several manufacturers to build devices that can run on the 5G network it’s developing. These manufacturers include Samsung (SSNLF), which is making a 5G smartphone that will be able to operate on Sprint’s 5G network. That smartphone from Samsung is expected to launch in the summer of 2019. According to Sprint, the 5G smartphone from Samsung will come with a dual-mode, meaning it will be able to work on both Sprint’s LTE and 5G networks.
Verizon and AT&T have also partnered with Samsung to make 5G smartphones that can run on their 5G networks.
Sprint boasts 54.5 million subscribers
Sprint closed its second quarter of fiscal 2018, the period that ended in September, with 54.5 million subscribers in total.