Last Updated on April 3, 2021 by Henry John
5g network carriers are responsible for setting up 5g network infrastructures in collaboration with 5g infrastructure companies. They are also directly responsible for delivering 5g networks to end users (consumers).
Network carriers will make a lot of money offering various 5g packages to consumers; basically offering 5g network access through limited data plans. US carriers have long moved away from offering unlimited data plans to a business model that see them selling limited data plans that exhausts with usage or expires with time.
However, as critical as network carriers are in the rolling out of 5g technology, 5g network deployment from historic data may not lead to massive growth for network carriers. Especially in countries with an established nation-wide internet coverage, with little to no room for growth like the United States.
When 4g network was rolled out, existing customers of network carriers just migrated to it, abandoning their previous 3g network plan. Hence, while many companies benefitted from 4g deployment, network carriers didn’t benefit ‘as much’.
Check out the best 5G stocks to buy for 2021.
For the customers of 5g network carriers, moving over to 5g will be like updating an outdated Google app; there will be significant changes in features and nothing much. It’s not like the cost of using a 5g package will be significantly higher than the cost of using 4g packages.
What most network carriers will gain from 5g rollout is a competitive advantage, with little revenue growth as a result. This explains why the stock of most network carriers in the US didn’t grow significantly with the deployment of 4g network.
5g network technology might increase the customer base and potential revenue of Network Carriers that move fast in establishing a high-quality 5g network before their major competitors. And this is where the gold is for 5g network carriers.
If you are looking to invest in 5G Network Carriers, Here are the best 5G Network Carriers’ Stock to buy for 2021:
1. Verizon (NYSE:VZ)
Verizon Communications Inc. offers communications, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.
Its Consumer segment provides postpaid and prepaid service plans; Internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled Internet devices, such as tablets, laptop computers and netbooks, and other wireless-enabled connected devices, such as smart watches and other wearables.
It also provides residential fixed connectivity solutions, including Internet, video, and voice services; and sells network access to mobile virtual network operators.
As of December 31, 2019, it had approximately 95 million wireless retail connections, 6 million broadband connections, and 4 million Fios video connections.
The company’s Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and Internet access services; and Internet protocol-based voice services, unified communications and collaboration tools, and customer contact center solutions.
It also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and IoT products and services.
This segment had 25 million wireless retail postpaid connections and 489 thousand broadband connections.
The company has strategic partnership with HERE Technologies and Dignitas; and Emory Healthcare to develop and test 5G Ultra Wideband-enabled use cases.
The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.
2. T-Mobile (NASDAQ:TMUS)
T-Mobile US, Inc., through its subsidiaries, provides wireless services for branded postpaid and prepaid, and wholesale customers in the United States, Puerto Rico, and the United States Virgin Islands.
The company offers voice, messaging, and data services.
It also provides wireless devices, including smartphones, wearables, tablets, and other mobile communication devices, as well as accessories; and wirelines services.
The company offers its services under the T-Mobile, Metro by T-Mobile, and Sprint brands. The company was founded in 1994 and is headquartered in Bellevue, Washington.