This 5G Party Will Take a Long Time to Get Started [TheStreet.com]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: TheStreet.com
This 5G Party Will Take a Long Time to Get Started Most people know it's not a party until the chips and the dip are on the table. In the case of 5G wireless, the next global bump up in speed for smartphones, the chips are in the cabinet, the dip is still in the fridge, but the telecom industry is trying to convince you the party is started. Don't believe it. It's going to take a long time, a very long time, for 5G wireless to be sufficiently widespread that the average consumer in the U.S. can take advantage of it. That fact has to be kept in mind when assessing the prospects for companies whose fortunes are tied to 5G, including Verizon Communications ( VZ Get Report QCOM AAPL GLW A host of challenges face the build-out of 5G: Tons of fiber needs to be deployed; cell towers need to be put up in greater number than in past, which requires an exhausting process of getting local permits from municipalities across the land; and new auctions of wireless spectrum still need to take place
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News
- Why Verizon Stock Recovered From Earnings Losses [Yahoo! Finance]Yahoo! Finance
- T-Mobile's new 5G internet plan lets you take your Wi-Fi on the road [Verge, The]Verge, The
- Detroit Lions Choose Verizon as their Official 5G Network [Yahoo! Finance]Yahoo! Finance
- Detroit Lions Choose Verizon as their Official 5G NetworkGlobeNewswire
- Verizon Communications Inc. (NYSE: VZ) had its price target lowered by analysts at Wells Fargo & Company from $44.00 to $40.00. They now have an "equal weight" rating on the stock.MarketBeat
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/22/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- 4/15/24 - Form 4
- VZ's page on the SEC website