T-Mobile Launches 5G Products to Compete With Verizon, AT&T for Business Clients

Reuters2022-05-23

STOCKHOLM, May 23 (Reuters) - T-Mobile on Monday launched a suite of 5G products to lure business clients and capture some of the market share of rivals Verizon and AT&T, and has signed up customers including an automaker, an airline operator and a theme park.

The product suite, what it calls 5G advanced network solutions, will offer three levels - from a complete private 5G network to sharing space over a public network, Callie Field, T-Mobile's president of business group, told Reuters. Field declined to name the customers.

T-Mobile, armed with a bigger share of spectrum that is ideal for 5G than Verizon and AT&T, is trying to make a dent in acquiring business customers despite the dominance of its more established rivals.

One of its clients, SailGP, is using T-Mobile's private 5G in San Francisco where it saw latency drop by 50% compared with Wi-Fi while sending real-time analytics from boats traveling at 60 miles per hour.

Having a private 5G network helps businesses avoid jostling for speed with others on a public network and enables data-intensive applications.

Ports, airports, warehouses and logistics hubs are expected to be the first adopters of private 5G, and IDC estimates private wireless infrastructure revenue to reach $8.3 billion by 2026 from $1.7 billion in 2021.

Field said T-Mobile was working with Dell for "edge computing" infrastructure for private 5G but could work with a vendor that a customer chooses as well.

"Edge computing" helps in analyzing bulk data where it was gathered - factory floor or an oil rig - before moving it to remote servers, attracting big technology companies to offer their expertise.

T-Mobile, in which Deutsche Telekom owns a 48.4% stake, has been gaining subscribers following its merger with Sprint and as it rolls out its 5G service.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
10