💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Sprint deploying IoT-friendly standard by July's end

Published 05/17/2017, 03:10 PM
© Reuters.  Sprint deploying IoT-friendly standard by July's end
S_old
-
  • Sprint (NYSE:S) has said that it will deploy LTE Cat 1 across its network by the end of July, spreading a network technology optimized for the Internet of Things.
  • The tech -- which actually limits download/upload speeds to 10 Mbps/5 Mbps -- will reduce cost and extend battery life for connected devices.
  • It's targeting industrial IoT applications, vending machines and vehicle technologies.
  • The company will follow that deployment with two others in 2018: LTE Cat M1 and Cat MB1, extending usage for low-power applications.
  • Along with a sliding market today, shares are 7.2% lower, hitting their lowest point since November.
  • Now read: Sprint: Updating Investors On The Recent Events


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.