T-Mobile US Inc (NASDAQ:TMUS) showcased incredible LTE speeds reaching as high as 763 Mbps during testing in partnership with QUALCOMM, Inc. (NASDAQ:QCOM).
The U.S mobile operator made the announcement on November 9 revealing that it showcased real-world speeds at an impressive 673 Mbps. The demonstration of the LTE speeds took advantage of three technologies that are considered pivotal in the development of 5G networks. The announcement also highlights the progress that the company has so far achieved over the past three years after being ranked below its rivals. The impressive speeds achieved during the demonstration with Qualcomm should definitely be a cause of concern for the rivals.
“This is what I’m talking about when I say T-Mobile has America’s best unlimited network and the only one purpose built for unlimited,” stated Neville Ray, the Chief Technology Officer at T-Mobile.
Ray also pointed out that the company’s LTE footprint in the U.S is as big as that of Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T). He also added that multiple third parties have classified T-Mobile’s LTE as the fastest among its rivals and the carrier has been working on making it even faster. The CTO stated that offering LTE that is gigabit class has been one of the strategies that have contributed to the company’s massive success.
T-Mobile has been working on advanced LTE technologies since 2014. Mike Finley, the senior VP of T-Mobile and senior VP Qualcomm in Australia and North America stated that gigabit class LTE has been picking up pace globally. He also pointed out that Qualcomm is pleased with the fact that T-Mobile has been determined to provide gigabit connectivity to millions of people in the U.S.
Finley also noted that gigabit class LTE makes it possible for operators to expand their network capacity so that they can cater to the growing demand, especially from their unlimited data plans. It also allows them to boost their spectral efficiency thus providing faster mobile connectivity for all users.
T-Mobile stock closed the latest trading session on Friday at $56.80 after a 1.43 percent gain compared to the value of the stock during the previous close.