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4-Traders Homepage  >  Equities  >  Nyse  >  Verizon Communications    VZ

VERIZON COMMUNICATIONS (VZ)
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Verizon Communications : T-Mobile slams Verizons pre-standard 5G plan

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01/18/2018 | 09:18am CEST

T-Mobile took another swing at its rivals network plans, this time mocking Verizons decision to launch fixed-wireless 5G this year using pre-standard technology.

In a blog post, CTO Neville Ray castigated Verizon for not respecting industry standards after Verizon CTO Hans Vestberg confirmed at CES the operators initial fixed wireless deployment will not use 3GPPs recently released non-standalone 5G standards. Ray accused Verizon of ignoring the standards in their rush to fixed 5G and warned the company is building a bridge to nowhere.

He elaborated: Why does it matter that Verizon doesnt use 5G industry standards? Well, it wont scale and wont work with the vast majority of 5G smartphones that will come to market, which will be standards based.

Verizon previously indicated its initial 5G deployments will be software upgradable to bring them into compliance with the 3GPP standards.

This isnt Rays first shot at the competition. Earlier this month he blasted AT&Ts ambitious plan to launch mobile 5G by the end of 2018, pointing out the operator failed to provide key details around device availability, spectrum and footprint.

All bands for 5G

Ray on Wednesday restated T-Mobiles commitment to launch a nationwide 5G network by 2020, noting the operator will begin launching 5G on its 600MHz spectrum next year. He also reiterated T-Mobiles plans to use all spectrum bands for 5G.

Each band, he said, provides a unique contribution to the overall 5G experience. He explained low band spectrum will offer coverage and reliability, while mid-band spectrum like 3.5GHz will add reliable capacity and consistent mobile broadband speeds. Ray added mmWave will contribute capacity for multi-gigabit hotspots in urban environments, on campuses and in buildings.

He concluded: The best way to launch a new technology is new, clear spectrum like 600MHz, then re-use other spectrum bands for 5G over time. We are in a best position to execute on this strategy, and will drive the network evolution to 5G.

(c) 2018 All Rights Reserved - Mubasher Info 2005 - 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 129 B
EBIT 2018 30 073 M
Net income 2018 18 595 M
Debt 2018 111 B
Yield 2018 4,94%
P/E ratio 2018 10,78
P/E ratio 2019 10,51
EV / Sales 2018 2,38x
EV / Sales 2019 2,31x
Capitalization 197 B
Chart VERIZON COMMUNICATIONS
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Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | 4-Traders
Technical analysis trends VERIZON COMMUNICATIONS
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 55,9 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Lowell C. McAdam Chairman & Chief Executive Officer
John G. Stratton EVP & President-Global Operations
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Hans Erik Vestberg Chief Technology Officer, President-Global Network
Clarence Otis Independent Director
Sector and Competitors
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ORANGE-1.24%45 090
SAUDI TELECOM COMPANY SJSC--.--%43 947