At the time when all the carriers in the United States are in a race to launch next generation of wireless networks with aims to provide 5G services to consumers as sooner as possible with most of their attention on 5G gadgets and applications, AT&T is foreseeing businesses as an aspect of its first revenue growth in the era of 5G technology.
The outlook of different-than-rivals approach of focusing more on the businesses was shared by AT&T CFO John Stephens on Wednesday while answering questions during Deutsche Bank’s Media, Internet, and Telecom Conference at Palm Beach, Florida.
Stephens described the business uses of 5G as most exciting opportunity for the company the process of their 5G build outs, and said that company is sure of the business t lead innovation drive around the 5G technology which will mostly be coming on the heels of improvements in the industrial sector brought by the standards set through the implementation of next-generation of cellular technology.
Stephens said that businesses, in order to discover new opportunities, will be adopting the 5G for its ability of being helpful to improve health care, inspire new IoT and automate industries and that will initiate not only the first phase of revenue growth but will also results in development of innovative applications.
AT&T’s regular customers in the meanwhile will be going on to experience the benefits of company’s recent pre-5G improvements to its LTE network, which the company marketed as 5G Evolution and faced much of the criticism.
AT&T, through its network expansions plans for 2020, is expecting its 5G networks to be covering around 200 million people from 60 percent of the population of the United States, and that will be coming with more opportunities to increase its current wireless subscriber base of just over 150 million.