According to ABI Research, 5G fixed-wireless access (FWA) services are increasingly being seen as a competitive alternative to traditional fixed broadband in both developed and emerging markets. The firm predicts that the number of 5G subscriptions of FWA could reach 72 million by 2027, which would represent 35% of the total fixed-wireless market.
A temporary connected play experience for children has been set up by Virgin Media O2 (VMO2) at a playground located in King’s Square Gardens in London. The children’s interactions with the equipment will be transmitted through 5G and broadband, which will then modify the lights and music.
In order to maximize revenue and add more value, operators must expand their connectivity offerings beyond speed and customer experience; they need to expand their footprint into edge cloud platforms and AI-based solution stacks. Doing this will help them secure a larger share of the potential profits.
Geoff delves into why 5G revenues have failed to meet expectations, what customers and businesses anticipate from network operators and the potential for operators to capitalize on new monetization opportunities.
How to monetize 5G? That is a question that entire telecoms sector is asking, and there isn’t a quick answer – 5G isn’t a one-size-fits-all technology.
There are specific areas from which telcos will mine the revenue. But the key 5G monetization strategy for telcos would be to invest in all 5G standalone (SA) network aspects. It will bring different ecosystem partners together, help upgrade charging models, strategize usage of telecom APIs, and launch network slices to tap enterprise customer segments. All these would be driven by bringing high-level end-to-end automation and a solid orchestration platform to start services to consumers quickly.
Australia’s National Broadband Network Co’s (NBN Co) fixed wireless access (FWA) footprint is set to grow by up to 50 percent nationally by the end of 2024 under an exclusive ten-year partnership extension with Ericsson to deploy 4G and next-generation 5G connectivity.
2023 is shaping up to be a challenging year. The ongoing war, energy crisis, rising interest rates, and rampant inflation have created a perfect storm for the telco industry. That said, plenty of exciting developments and changes are on the horizon.
Rural telecommunications are one of the most dynamic markets in the U.S., fueled by fascinating and durable tailwinds that will push companies through 2023 and beyond.