5G in the telecom industry
5G network technology is the latest buzz in the media and telecommunications space, and telecommunications operators are fighting to win the rollout race.
5G has the potential to significantly reduce latency, boost Internet access speeds, and improve network reliability. 5G technology is expected to benefit customers via a wide array of services, including broadband, mobile, and the Internet of Things. Therefore, companies are aggressively investing in 5G network technology and are gearing up to challenge cable broadband providers.
AT&T’s progress in 5G
AT&T launched its first mobile 5G service in 12 cities, including Houston and Indianapolis, on December 21. The company also completed its FirstNet deployment ahead of schedule in 2018. The company has accelerated its fiber deployment, which is the foundation of the 5G network, and has reached 11 million customer locations so far.
Competition for 5G
AT&T’s wireless competitors Verizon (VZ), T-Mobile (TMUS), and Sprint (S) are also working on 5G network deployment. Verizon launched its 5G Home Internet service in October 2018 in Houston, Indianapolis, Los Angeles, and Sacramento. It’s also planning to expand its 5G Home Internet offering into other businesses related to home Internet services, such as home automation.
Mobile carrier T-Mobile is looking to merge with telecommunications rival Sprint, and the companies are targeting a 5G launch in the first half of 2019. Dish Network (DISH) also has plans to build a 5G network as it seeks to diversify outside its core satellite TV market. According to research by Statista, 5G wireless subscriptions are expected to reach 545 million by 2022.