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If you're anything like me, you've heard just about everything there is to know about 5G by now.
Don't get me wrong; the 5G story is huge. Probably the most significant technological innovation to come to America - and the world - in our lifetimes thus far. The breakthroughs it could bring and sectors it could revolutionize have been covered for years by my colleague, Money Morning Defense and Tech Specialist Michael Robinson.
But while 2019 was certainly an exciting year for wireless technology, after an announcement made by one of 5G's biggest players two weeks ago, I am even more excited for the future of this technology - and you should be, too.
5G in 2019
2019 saw a lot of important developments.
We had the official launch of next-generation 5G networks from AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ), and T-Mobile US Inc. (NASDAQ: TMUS). Plus, Samsung and Motorola released their first 5G phones, the Galaxy S10 5G and the Moto Z3.
But this cannot compare to what is coming down the pipeline. What is happening now will allow 5G to finally be available to millions of people. And it's come at an almost necessary time for the world.
We are currently living in a time when 5G could not be more important.
Not only is video conferencing a necessity to see friends and family, but streaming media has also become a staple in many households as kids take school classes remotely and Netflix streams on every device with a screen. FirstNet, the wireless network being built to support America's first responders, will also have access to this blazing-fast 5G network.
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So, with this in mind, two weeks ago, I paid close attention to one of the largest telecom companies in the United States' earnings report. And I am glad I did because they announced some very important news around its 5G network development.
You see, during 2019, when 5G networks first launched, it was only available in select cities. AT&T and Verizon only launched in 10 cities each.
But now, that's so vastly changed.
AT&T announced that 90 new markets can now access its 5G network. Its 5G network first launched in December 2019 and has been steadily expanding, but this move marks the biggest expansion for the network so far - almost doubling its current coverage.
With the new additions, AT&T's 5G network now covers 120 million people in 190 markets in the United States and expects to be nationwide this summer. Some of the new cities include Chicago, Sacramento, New Orleans, Tampa, Seattle, and many more. For now, the new cities are getting access to AT&T's low-band 850Mhz network, but in the future, they could also get its mmWave network.
That is great news, as several 5G phones are slated to launch this year, such as the Motorola Edge Plus and 5G Apple iPhone joining the likes of Samsung, LG, and OnePlus.
With all these new phones going online, AT&T's network will become more important than ever.
Not only will phones be accessing this network, but it will also be used for intelligent mobility, collaborative robots, in-vehicle infotainment, and many other use cases never before possible. It is no wonder that Research & Markets pegs the 5G sector at $251 billion by 2025.