AT&T Inc. aims to be the first U.S. carrier to provide fifth-generation, or 5G, mobile service to phone customers this year, pitting the wireless giant against Verizon Communications Inc. and T-Mobile US Inc. in a costly network upgrade race to spur revenue growth.
AT&T says it has laid the groundwork for 5G through network upgrades in 23 cities and fixed wireless trials in Kalamazoo, Michigan; South Bend, Indiana; and Waco and Austin, Texas. The company hasn’t disclosed where it plans to launch mobile 5G initially or what airwaves or network equipment it plans to use.
AT&T rose less than 1 percent to $37.89 at 11:26 a.m. in New York. The company started a court battle last month with U.S. Justice Department, which has sued to block its $85.4 billion purchase of Time Warner Inc. The stock declined 8.6 percent last year.
(c) 2018, Bloomberg · Scott Moritz