5G Wireless Users Spoilt for Choices As More Players Join The Race, Find Out Who

AT&T Inc T forayed into the wireless home internet space with its new offering, Internet Air, positioning itself in a lucrative sector that rivals are already exploiting by deploying high-capacity 5G networks.

Starting at a monthly charge of $55, Internet Air will be accessible in select regions of 16 cities, such as Los Angeles, Philadelphia, and Cincinnati, Bloomberg reports.

Verizon Communications Inc VZ and T-Mobile USA Inc TMUS previously ventured into the wireless home broadband sector, presenting a cost-effective alternative to traditional landline internet. 

Their foray into this domain, once dominated by cable firms, has adversely impacted the subscription rates of the latter, offering a buffer against stagnant wireless subscriptions.

AT&T and Verizon raised their prices in 2022 but also launched lower-cost plans to compete with offers from cable providers.

AT&T's ongoing development of its 5G network aims to provide enhanced speed and a higher device connectivity capacity. 

The telecom giant's blueprint involves targeting areas with ample network capacity to facilitate wireless home connections. 

During a recent earnings call, CEO John Stankey highlighted the company's plan to transition from archaic connections to innovative wireless broadband. 

Earlier this year, AT&T discreetly introduced Internet Air to its existing clientele on copper-based connections. The latest announcement signifies the company's intention to broaden the service's reach, although specific subscriber figures remain undisclosed.

Price Action: T shares traded higher by 0.14% at $14.28 premarket on the last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.