Sprint Corporation (S - Free Report) recently announced that it will launch commercial 5G services spanning more than 1,000 square miles across 9 U.S. cities in May. With rival firms already off the block in offering similar services to customers, the announcement is significant as the company advocates its long-awaited merger with T-Mobile US, Inc. (TMUS - Free Report) , which would then build an incredible nationwide 5G network.
Initially, Sprint will offer 5G services in Chicago, Atlanta, Dallas, Kansas City, Houston, Los Angeles, New York City, Phoenix and Washington DC. The company offers its customers three 5G devices to choose from — LG V50 ThinQ 5G, HTC 5G Hub and Samsung Galaxy S10 5G. The LG V50 ThinQ 5G smartphone offers a large OLED screen that doubles as a speaker to provide an immersive entertainment experience and a touchless control that lets users perform common tasks hands-free with just a wave.
The versatile HTC 5G mobile smart hub offers smooth 4K video streaming and mobile gaming facilities to a maximum of 20 users as a 5G mobile hotspot. It boasts a 5-inch HD touchscreen for high-quality visuals and long-lasting power that makes it a perfect fit for travel. Samsung Galaxy S10 5G provides an upgraded 5G chip with a larger display and is equipped with a quad camera setup along with a big 4,500mAh battery.
In addition to 5G deployments in select markets, Sprint is also field testing standards-based 5G services in Los Angeles with Nokia Corporation (NOK - Free Report) and in Atlanta with Ericsson (ERIC - Free Report) . The company is leveraging Massive MIMO radios to augment the capacity of its LTE Advanced network with equipment that is software upgradable to 5G. With Massive MIMO at the core of its mobile 5G service, Sprint aims to meet the burgeoning demand of faster data speed and high-bandwidth applications.
Sprint’s strategy of balancing growth and profitability while increasing network investments and adding digital capabilities will likely drive its financial performance in the coming quarters. Also, the company’s multi-year plan to improve cost structure and its "Unlimited for All" plan offer for customers bode well. Sprint is coming up with new ideas and solutions to help business enterprises improve their relation with employees and better serve customers.
Such focused attempts to secure a healthy long-term growth augur well for this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Also, we remain impressed with the inherent growth potential of the company and the latent benefits from the resultant merger with T-Mobile.
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