AT&T shares rise as wireless carrier plans to roll out 5G network

AT&T shares rise as wireless carrier plans to roll out 5G network

AT&T shares were trading a little higher Thursday, a day after America’s second largest internet provider announced plans to provide a 5G network for its users by the end of the year. Currently, it intends to be the first provider to make 5G available to its US users.

By 1530 BST, AT&T shares were trading 0.12% higher at $37.70. AT&T shares ended lower Wednesday.

5G technology plans

AT&T announced its plans in a press release Wednesday.

“AT&T expects to be the first U.S. company to introduce mobile 5G service in a dozen markets by late 2018,” the wireless tech giant said. “The promise of mobile 5G is seemingly endless and we’re moving fast to make that promise a reality.”

“5G will change the way we live, work and enjoy entertainment,” said Melissa Arnoldi, president of AT&T Technology and Operations.

“We’re moving quickly to begin deploying mobile 5G this year and start unlocking the future of connectivity for consumers and businesses. With faster speeds and ultra-low latency, 5G will ultimately deliver and enhance experiences like virtual reality, future driverless cars, immersive 4K video and more,” Arnoldi added.

AT&T investing in 5G speed

By providing its users with a 5G network, AT&T customers in 12, as yet unnamed cities, could take advantage of better quality virtual reality systems. And, the 5G technology could also become a key component of driverless car plans, too.

Currently, Verizon is also pursuing the introduction of a 5G network for its users this year. However, doing so will take a lot of research, development and investment.

And, while the capacity for a 5G network might well be introduced, ensuring it’s a seamless experience for users won’t always be easy due to potential interference for the areas surrounding users.

For AT&T, that investment won’t stop at providing 5G network support for one type of device. The firm is planning to ensure its 5G tech will be available for as many of its users and across as many platforms as possible.

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