The stock of Sprint Corp (NYSE:S) closed at $5.64 gaining 0.36% in yesterday’s trading session. Sprint has today proceeded to disclose that the 2.5 GHz spectrum band is at the moment part of its Non-Standalone 3GPP 5G NR specification. The ratification took place at the 3GPP TSG RAN plenary meeting which was held in Lisbon in the course of this week.
Sprint’s spokesperson states, “The specification includes bandwidths up to 100 MHz for an n41 (2.5 GHz) single component carrier vs. today’s 20 MHz per component carrier for 4G LTE. With more than 160 MHz of 2.5 GHz spectrum available in the top 100 U.S. markets, this gives Sprint the largest nationwide block of sub-6 GHz 5G spectrum available for wide-scale use in the U.S.”
The CTO of Sprint, Dr. John Saw in a recent interview outlined that as a company they were making tremendous progress in terms of accelerating the commercialization and development of 5G NR in the 2.5 GHz band.
According to him, the 5G might soon end up spurring dramatic progress and innovation around the globe. He foresees massive machine type communications, great opportunity in mobile 5G and ultra-reliable and low-latency communications.
Mobile 5G is currently the topmost priority for Sprint’ and that is the reason it is collaborating with Softbank and QUALCOMM, Inc (NASDAQ:QCOM).In togetherness they seek to come up with technologies that will cater for the deployment of wide scale 5G and by 2019 Sprint hopes to have succeeded in its quest to provide commercial services and devices to its customers.
Getting Sprint to the point where it is now able to create more and better ways of connecting customers to most of the things they care about was no mean achievement. It has taken a lot of dedication and hard work and that is according to a person familiar with its business operations.
The company is at the moment considering numerous strategies that will help it have an edge over the rest and this comes at a time when a lot is being experienced globally in terms of business dynamics.