LG and Sprint Scramble to Offer 5G Phone

LG and Sprint Scramble to Offer 5G Phone

LG Electronics and USA mobile carrier Sprint are teaming up to bring 5G-enabled smartphones to the U.S.by the first half of next year.

LG has done tremendous work developing technical designs that enable us to be among the first movers in 5G mobile.

According to the mobile network company, the 5G rollout will bring faster and more reliable internet speeds to its customers.

Last month, Sprint introduced new unlimited wireless plans bundled with video streaming platform Hulu and music streaming service Tidal, in an effort to attract more customers with media content. Sprint has promised 5G in nine cities during the first half of 2019, and its mid-band spectrum is designed for citywide coverage. It is 100 percent a truly integrated smartphone that we think will be the first of its kind.

Asian stocks hit 1-year low amid Turkey woes, bearish China equities
The central bank also lowered reserve requirement ratios for banks, in a move also aimed at staving off any liquidity issues. According to economic experts, in the short term, the lira's slide will increase inflation, which will hurt Turkey's poor.

All four U.S. carriers have committed to launching mobile 5G networks by next year.

Sprint and LG had partnered to launch what they claim will be the first 5G phone in the US.

William Cho, LG Electronics North America President, and CEO said the company is looking forward to expanding its 20-year-old partnership with Sprint through the 5G smartphone.

Analyst reports earlier suggested that smartphone makers will be offering 5G smartphones at exorbitant prices in the initial phase of 5G launches. AT&T will probably be the first, as it has said it will have a mobile 5G system with a dedicated hotspot, rather than a phone, by the end of 2018. One big difference is that while Verizon only has three markets announced, Sprint says that it will have 5G available in Atlanta, Chicago, Dallas, Houston, Kansas City, Los Angeles, New York City, Phoenix and Washington, D.C. The mod will be powered by its own battery, so that the Moto Z3 will not suffer from short standby times.

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