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Apparently, they were all losers in the race to 5G.
Wireless carriers haven’t been able to monetize 5G, and telecom companies are in crisis. Sean Kinney at RCR Wireless bears the bad news in a new report from an industry event:
The optimism around 5G as some sort of panacea to any sort of business problem is giving way to disillusionment. Cost pressure is mounting, headcount reductions are happening, and outright cynicism is in the offing. This raises a question: if operators, for whatever reason, cannot leverage 5G to grow revenues and deliver innovation, do they drop the pretense and face the harsh reality that connectivity is a commodity and should be sold as such?
Guess we can look forward to even more creative new ways for carriers to charge us more!
Growth in crisis—can operators reinvent themselves fast enough?
[RCR Wireless News]
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