FCC Auction off Licenses for 5G Network - PRBLX High Stake in VZ

bee

5G is the next generation of wireless service, which is expected to increase network speeds and make networks more responsive. The technology could help make applications like autonomous vehicles a reality and will deliver new AR and VR experiences to smartphones.

Mid-band spectrum, such as the C-band, is considered important for 5G deployments because it offers both geographic coverage and the capacity to transmit large amounts of data. This combination is especially appealing to wireless giants who have been trying to fill out their spectrum portfolios.

Concentrated Mutual funds of VZ:
PRBLX holds the largest concentration of VZ (about 20% of VZ shares)


Article:
verizon-at-t-t-mobile-dominate-81-billion-5g-spectrum-auction

Sven

VZ is a new purchase for Bereshire Hawathway after they trimmed Apple stock. Apple is still their largest holding, but the timing is right on. Sell high (Apple) and buy low (VZ).

Mark

Yet many across the US still do not have access to the internet much less reliable connections and competent customer service. What a country.

Sven

Last time we traveled in Europe WiFi are readily available even is small towns. That is being paid from their large income tax. Asia is catching up. Reliable broadband and cell connection are not cheap.

rforno

As a PRILX holder (and large holder of VZ stock myself) that news made me happy.