The telecom company lost 289,000 monthly subscribers in the first quarter. It attributes at least part of the decline to less government spending.
“As officials have looked to put their money towards closing the digital divide, internet providers like AT&T and Verizon have been very aggressive in lobbying back,” said The Washington Post’s Tony Romm.
Networks are clogged, and we need to build more towers, says Alana Semuels of Time magazine. But we don’t want the towers, just the service.
The airlines have warned that a 5G rollout would cause hundreds of flights to be canceled, diverted or delayed.
Verizon is selling the two companies to private equity firm Apollo Global Management for $5 billion.
Mid-band frequencies are often described as the Goldilocks range of the spectrum, where 5G signals fly fast and far.
The airwaves on the auction block include frequencies in what’s called the mid-band range, allowing 5G signals to travel fast and far.
Verizon will pay up to $7 billion in cash and stock, angling for a piece of the pre-paid phone plan market, which keeps growing in the pandemic.
There’s a trade off between how fast people can download things … and whether coverage can reach people in remote areas.
With so many options available, the margins for cable providers just aren’t there anymore.
