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MarketScreener 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 131 B
EBIT 2018 29 564 M
Net income 2018 18 165 M
Debt 2018 109 B
Yield 2018 4,37%
P/E ratio 2018 12,36
P/E ratio 2019 11,55
EV / Sales 2018 2,57x
EV / Sales 2019 2,48x
Capitalization 226 B
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Number of Analysts 29
Average target price 56,4 $
Spread / Average Target 3,1%
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Managers
NameTitle
Hans Erik Vestberg Chief Executive Officer & Director
Lowell C. McAdam Chairman
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Clarence Otis Independent Director
Richard L. Carrión Independent Director
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