Long term outlook is not strong.
https://www.lightreading.com/5g/is-verizons-big-5g-gamble-falling-apart/d/d-id/776998
4 replies (most recent on top)
The only concrete application we have is Fixed Wireless. The estimates there are 4-5 million additional customer by end of 2024. That's an awful lot of investment for very little known return. It's more of a 'if we build it they will come' investment strategy.
5g was built for smart cars. There must be at least 10 smart cars on the roas at the moment that benfit so yah its paying off LOLZ.
Here is the money shot from the article:
"David Barden, a financial analyst with Bank of America Merrill Ly--h, called out the situation during Verizon's quarterly conference call on Friday. "There was a time when Verizon had the best network and could charge the highest prices. And on these calls we would talk about margins and obtainable market share," he said. "You guys are now [market] share donors. "
It was actually never really together. This is a Lowell and Hans fantasy based on some old EU paper on the 8 Currencies of 5G. It was a scam from the get go in a country that had already been wired up, unlike Europe. The BOD needs to be replaced with some competent people. This is the same bunch who thought Tami should run Bus.