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AT&T : Sprint sues AT&T over '5GE' claim

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02/11/2019 | 09:03am EST

AT&T’s widely mocked move to label 4G as 5G is now subject to a legal challenge from rival US operator Sprint.

In January, AT&T started rolling out a software update to 17 Android phones so they would display a ‘5GE’ (5G Evolution) icon at the top of the screen. However, these devices are simply using an upgraded version of 4G.

AT&T was the second US operator to launch a commercial 5G service, however its network is limited to mobile hotspot services in parts of 12 cities in what seemed to be a last-ditch attempt to honour its pledge to go live in 2018.

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At present, there is not a single commercially available smartphone capable of using a 5G service.

AT&T justified the action by claiming upgrades to 4G are laying the foundation for 5G and that when standards-based 5G is available, the devices will display a ‘5G+’ icon.

However, the move has been widely mocked by AT&T’s rivals who have no plans to follow suit, while critics will argue consumers will be confused and misled. Indeed, they may consider ‘5GE’ to be more advanced than LTE and ‘5G+’ to be superior to standards-based 5G. What’s more, many of these upgrades to 4G have already been rolled out by multiple operators, with some calling these ‘LTE-E’.

Sprint is going one step further by filing a lawsuit in the United State District Court for the Southern District of New York. It alleges that the tactics are “deceptive”, and that AT&T is attempting to gain an unfair advantage by claiming it already has 5G connectivity.

AT&T has hit back at the claims, suggesting in a statement that there is consumer benefit:

"5G Evolution and the 5GE indicator simply let customers know when their device is in an area where speeds up to twice as fast as standard LTE are available. That’s what 5G Evolution is, and we are delighted to deliver it to our customers."

-- Here are the best mobile phone deals for February 2019 

(c) 2019 Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 184 B
EBIT 2019 37 239 M
Net income 2019 19 950 M
Debt 2019 158 B
Yield 2019 6,72%
P/E ratio 2019 11,84
P/E ratio 2020 11,06
EV / Sales 2019 2,06x
EV / Sales 2020 2,00x
Capitalization 222 B
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Technical analysis trends AT&T
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 33,8 $
Spread / Average Target 11%
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Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens CFO, Principal Accounting Officer & Senior EVP
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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