Intel (INTC) will provide 10-gigabit-per-second chips for upgraded cable TV broadband networks as a number of cable firms tout a technology roadmap amid a possible 5G wireless challenge from Verizon Communications (VZ). Intel stock edged down a fraction on Monday.
XComcast (CMCSA), Charter Communications (CHTR), privately held Cox Communications, Liberty Global (LBTYA) and other cable TV companies announced a 10G roadmap at the Consumer Electronics Show in Las Vegas. Field trials will start in 2020, the companies said.
"To support the rollout, Intel will deliver 10 gigabit ready technology from the network infrastructure to home gateways," said NCTA, the cable industry's trade group, in a release.
According to the cable TV industry, 1 gigabit service is available in 80% of the U.S., up from just 5% in 2016.
Verizon, though, is revving up a residential broadband service using 5G wireless technology. New York-based Verizon is just one 5G stock to watch.
Verizon 5G Expansion Plans Unclear
Verizon has been testing 5G broadband using high frequencies in four cities — Houston, Indianapolis, Los Angeles and Sacramento.
In those markets, Verizon has initially charged $50 monthly for its 5G customers if they are also subscribers to its mobile phone service. Non-wireless customers pay $70 monthly.
According to UBS, Comcast and Charter charge $90 monthly for broadband services in the 250 megabit-per-second to 400 mbps range after one-year marketing promotions end.
Verizon has yet to confirm a broader rollout of 5G in 2019. Verizon aims to boost 5G fixed data speeds to over one gigabit per second from 300 megabits per second currently.
Will More Cities Get 5G?
The company's fixed 5G services use high-frequency spectrum rather than well-proven lower frequency airwaves.
Verizon hasn't said whether it'll expand 5G service to more cities in 2019. Comcast, Charter and other cable firms now have more broadband customers than pay-TV subscribers. The reason is consumers that switch to internet video services still need high-speed internet service.
Intel stock edged down 0.2% to 47.15 on the stock market today. Intel stock is up 5% from a year ago.
Shares in Intel have been consolidating amid volatility in technology stocks. Intel stock hit a 52-week high of 57.60 on June 4.
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The post Intel Tapped For Cable 10G Upgrade As Industry Awaits Verizon 5G Move appeared first on Investor's Business Daily.
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