AT&T Inc. on Wednesday officially laid plans to explore 5G connectivity in 2017 and provide faster internet access speed to consumers in the future. AT&T’s 5G Evolution plan encompasses fixed and mobile solutions and initial lab trials have achieved speeds up to 14 gigabits-per-second over wireless connection, according to a news release. The company said lab tests have seen less than three milliseconds of latency, which impacts things like the time between pressing play and seeing a video start. “Data on our mobile network has increased about 250,000% since 2007, and the majority of that traffic is video. 5G’s promise of greater speed and overall network performance brings huge opportunities not only for video but in the Internet of Things, 4K video, augmented and virtual reality, smart home and cities, autonomous vehicles and much more,” said Chief Strategy Officer John Donovan in a statement. AT&T also said it’s marketing 1 gigabit connections on its fiber network starting today to four million locations across 46 metros nationwide. Shares of AT&T are up more than 25% in the last 12 months, while the S&P 500 Index is up 12%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News