Telecom Stock Roundup: Verizon's 5G Broadband In 2018, Qualcomm Sues Apple Again
Zacks Investment Research | Dec 08, 2017 02:16AM ET
The U.S. telecom did not witness much development last week. Nevertheless, a few are worth taking note of.
Verizon Communications Inc. (NYSE:VZ) plans to launch next-generation 5G wireless residential broadband services in three to five U.S. markets in 2018. The first commercial launch is scheduled in Sacramento, CA, in the second half of 2018. Verizon will be using millimeter-wave spectrum (radio signals) instead of copper or fiber cables, in order to provide customers with unmatched wireless speeds for Internet access.
Qualcomm Inc. (NASDAQ:QCOM) recently filed three new patent infringement complaints against tech giant Apple Inc. (NASDAQ:AAPL) . The leading wireless chipset manufacturer claimed that 16 of its patents were being used by Apple in its iPhones. The three cases were filed in the U.S. District Court for the Southern District of California in San Diego. Notably, on Nov 29, 2017, Apple alleged that Qualcomm's Snapdragon mobile phone chips, which power various Android-based devices, infringe Apple's patents.
T-Mobile US Inc. (NYSE:S) has requested for Special Temporary Authority (STA) from the Federal Communications Commission (FCC) to test microwave radio spectrum bands in two sites in Bellevue, WA. The company has plans of evaluating microwave radio spectrum with integrated antenna for the 71-76 GHz and 81-86 GHz bands.
Sprint Corp. (NYSE:S) reportedly filed a patent infringement complaint against Mediacom Communications in the federal court in Delaware. Mediacom is a New York-based cable television and communications provider. Sprint currently carries a Zacks Rank #3 (Hold). You can see Zacks Investment Research
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