AT&T ( T ) said Thursday it plans to whisk 5G wireless services to mobile phone users in 12 markets by the end of 2018, a faster rollout than initially planned as rival Verizon Communications ( VZ ) has already made similar plans for this year.
[ibd-display-video id=3062895 width=50 float=left autostart=true] AT&T says global 5G mobile standards are in place, enabling it to move faster than originally planned. AT&T didn't identify the dozen markets where 5G mobile will be launched.
"With faster speeds and ultralow latency, 5G will ultimately deliver and enhance experiences like virtual reality, future driverless cars, immersive 4K video and more," Melissa Arnoldi, president of AT&T's technology and operations division, said in a prepared statement.
Shares in AT&T edged up a fraction in premarket trades to 37.84 in the stock market today .
Verizon said in November it would launch 5G wireless residential broadband services in three to five U.S. markets in 2018. While AT&T also is testing 5G broadband services to homes and businesses, it has been putting infrastructure in place for 5G mobile phone services.
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Verizon launched 4G services in 2011, beating AT&T to market by at least a year. AT&T, Verizon and T-Mobile US ( TMUS ) will likely be on similar timetables with mobile 5G, analysts say. T-Mobile has stated it expects to have a nationwide 5G mobile network in place by 2020.
Verizon on Tuesday said it has picked Samsung as a supplier of 5G network equipment in trials. T-Mobile, meanwhile, said it's teaming with Intel and Nokia in a 5G trial using high-frequency airwaves.
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