Verizon Confident 5G Concerns in Aviation Will Be Resolved

The Wall Street Journal2022-01-26

Wireless giant expects to spend about $10 billion over several years to expand 5G services using recently licensed radio spectrumIn the current year, Verizon expects wireless-service revenue to grow ...

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Comments

ZenInv
2022-01-26
ZenInv
I asked this before. What is the science behind the frequency interference? Would very much appreciate if someone can illuminate the readers here.
Gackky
2022-01-26
Gackky
by then, 6G will be out liao[Tongue]
hanyoung
2022-01-26
hanyoung
[Strong]

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The cellphone carrier and rival AT&T Inc. have face dpushback from U.S. air-safety regulators in recent months as they expand their fifth-generation networks to include new C-band frequencies, which provide faster internet speeds and more network capacity to address dense clusters of subscribers.“We have the highest assurance from the White House that this will be resolved very soon,” Mr. Vestberg said in a conference call with analysts. “It doesn’t impact our business at the moment, but clearly we want this to be resolved as soon as possible, so the pressure is on everybody involved to make this fix.”Verizon said about a third of its core customer base had already upgraded to 5G-capable phones. 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AT&T earlier this month reported preliminary results showing a net gain of 880,000 postpaid phone connections in the final three months of 2021, while T-Mobile US Inc. added 844,000.Cellphone carriers often push customers toward postpaid agreements, which generally bill them a month in advance and represent a reliable stream of revenue. However, Verizon is also seeking to grow its prepaid business as the wireless industry matures.It counted a small percentage of its subscribers on prepaid billing plans before late last year, when the company closed its $6.25 billion purchase of TracFone Wireless. Just over one-fifth of Verizon’s consumer wireless retail connections were prepaid at the end of December.The deal also helped stabilize revenue after the decision earlier in 2021 to sell most of AOL, Yahoo and other digital-media properties to private-equity firm Apollo Global Management Inc. for $4.25 billion. Verizon kept a 10% stake in the online unit.In the fourth quarter net income attributable to Verizon rose to $4.61 billion from $4.59 billion a year earlier. On a per-share basis, profit was flat at $1.11.Quarterly revenue slipped 1.8% to $34.07 billion, reflecting the divestiture of the media business. Wireless-service revenue grew 6.5% to $17.76 billion.Verizon said its total connections—a figure that includes connected devices like smartwatches and tablets but excludes phone service resold through partners like Charter Communications Inc. and Comcast Corp. — ended the year at 115.4 million. That tally reflected roughly 20 million new TracFone customers added to Verizon’s rolls.The prepaid unit shed 85,000 customers during the most recent quarter, however, reflecting stiff competition. The company said about 52,000 of those net customer losses came from TracFone brands, and blamed smartphone shortages and competition from carriers’ promotions on postpaid plans.“Over the past year or so, the economy’s been pretty good,” finance chief Matt Ellis said in an interview. “That’s an environment where traditionally you will see pressure on prepaid volumes,” though the business continued to grow its service revenue.In the current year, Verizon expects wireless-service revenue to grow at least 3% excluding the impact of the TracFone acquisition.Verizon shares slipped about 0.1% Tuesday amid declines in major U.S. indexes.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9090841747,"gmtCreate":1643156119380,"gmtModify":1676533779501,"author":{"id":"4098783902581330","authorId":"4098783902581330","name":"ZenInv","avatar":"https://community-static.tradeup.com/news/033bd47e3df1977aaef462f53997e9f1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4098783902581330","authorIdStr":"4098783902581330"},"htmlText":"I asked this before. What is the science behind the frequency interference? Would very much appreciate if someone can illuminate the readers here.&nbsp;","listText":"I asked this before. What is the science behind the frequency interference? Would very much appreciate if someone can illuminate the readers here.&nbsp;","text":"I asked this before. What is the science behind the frequency interference? Would very much appreciate if someone can illuminate the readers here.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090841747","repostId":1190312505,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9090849923,"gmtCreate":1643155904116,"gmtModify":1676533779451,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574326723774097","authorIdStr":"3574326723774097"},"htmlText":"by then, 6G will be out liao[Tongue]&nbsp;","listText":"by then, 6G will be out liao[Tongue]&nbsp;","text":"by then, 6G will be out liao[Tongue]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090849923","repostId":1190312505,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9090840571,"gmtCreate":1643155882122,"gmtModify":1676533779425,"author":{"id":"3582866489463259","authorId":"3582866489463259","name":"hanyoung","avatar":"https://static.tigerbbs.com/3780c45000f0a7a6551c6935a8869cf5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582866489463259","authorIdStr":"3582866489463259"},"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090840571","repostId":1190312505,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":113,"commentSize":3,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1190312505"}