AT&T Inc. (NYSE:T) has declared a 5G Evolution plans in order to make way for the next generation of faster speed for wireless customers.
The new 5G Evolution networks
The operations involves the latest devices in more than 20 prominent metro areas by the end of the year 2017. The developers are still in the process of establishing the foundation for the evolution to 5G as the 5G standards are in the final stage.
In selected parts of Austin, AT&T clients owning a Samsung Galaxy S8 or Galaxy S8 Plus will be able to access the new 5G Evolution faster internet speed. This is twice the speed offered on its 4G LTE network.
5G Evolution Plan is expected to be launched in Indianapolis in this summer. Areas include Boston, Atlanta, Los Angeles, Chicago, San Francisco, Nashville and more. AT&T customers should be able to experience faster data speed as the company continues to invest in the wireless network through adding small cells and carrying out upgrades including 4×4 MIMO, carrier aggregation, 256 QAM and others.
Is it a scam?
However reports in the market indicate that the much hype 5G is actually a rebranded 4G offering in attempt by the company to seem innovative. The network works only in selective areas of Austin and Texas and only with the new Samsung Galaxy S8 and S8 Plus. The company however promises to offer the new networks in more places in metro by the end of the year.
The company promises of twice as faster speed as the 4G LTE but it goes further to include a warning below the statement stating that the press release has forward looking statements which are subject to uncertainties and risks hence the actual results are likely to vary materially.
AT&T announced the new development a few hours before news reached the public that it had been outdone by Verizon Communications Inc. (NYSE:VZ) in a significant chunk of 5G spectrum. Speculations indicate that the company was probably trying to dupe its customers into thinking it is actually launching a new innovation when in real sense it is not.
Michael Nunez from Gizmodo stated, “5G networks depend on an entirely different type of technology than 4G or 4G LTE.” this explains why companies are having it rough in developing the 5G networks.
The stock of AT&T closed at $39.94 0n Tuesday after a fall $0.08 or 0.20%.