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Verizon Adds Subscribers as Earnings Guidance Falls Short of Forecasts

Verizon Communications Inc. VZ 0.22% posted higher revenue for the recently ended quarter as the company grew its subscriber base, but its 2023 earnings forecast fell short of Wall Street expectations. Verizon reported a net gain of 217,000 phone connections under postpaid billing plans during the December quarter, excluding the impact from the decommissioning of the company’s 3G network. The gains marked a reacceleration of growth in…

Ericsson Warns of Slowing 5G Orders in North America

STOCKHOLM— Ericsson ERIC -4.55% AB reported lower-than-expected quarterly profit and warned it faced an uncertain start to the new year as telecom operators in markets like the U.S. hold off placing new orders for 5G gear amid economic uncertainty. The Swedish telecommunications-equipment company said Friday that the trend started to hurt its key networks unit in the fourth quarter and that it expects it to continue during the first…

It’s Not Just You: 5G Is a Big Letdown

What a weekend! After a 5G-powered robot performed surgery on my foot, I took a 5G-powered self-driving car to my 5G-powered house where a 5G-powered drone delivered a guacamole-powered burrito.None of that happened, of course. But you know what did happen this past weekend? I turned off Verizon VZ -1.84% 5G on my iPhone—and barely noticed a difference. The 4G LTE performance and coverage felt just about the same. Three years since the U.S. cellular…

Best Buy-Owned Phone Service Faces Angry Customers After 3G Network Shutdown

When Teresa Kurtz ‘s 78-year-old mother accidentally locked herself out of her home last week in Cedar Rapids, Iowa, she pulled out her Jitterbug flip phone to seek help, only to discover no calls would go through. “This was one little instance where it’s like, oh my gosh, this is her lifeline,” said Ms. Kurtz, 60, about her mother, who lives alone and faced chilly temperatures before receiving help from a neighbor. Ms. Kurtz’s mother is among users of the Best Buy Co.…

South Korean Internet Giant Offers Glimpse of a 5G Private Network Future

SEONGNAM, SOUTH KOREA—At the new headquarters of South Korea’s largest internet company, a fleet of self-driving robots whirl around delivering coffee, lunchboxes and mailed packages.More than 100 of these autonomous robots, which look a bit like the droid R2-D2 from the “Star Wars” films and go by the name “Rookie,” are operational at Naver Corp.’s 035420 4.42% high-rise office building. The tower is specifically designed with bump-free flooring and handle-free doors…

Superfast 5G Gadgets Are Off to a Slow Start

It was one of 5G’s big selling points: millions of always-connected internet-of-things devices exchanging data wirelessly at lightning speed, revolutionizing the portability of everything from augmented-reality goggles to surveillance cameras.Several years into the 5G rollout, the internet-of-things boom largely hasn’t happened. There were about 4.4 million 5G-connected internet-of-things devices in the U.S. in 2021, according to analysis firm International Data Corp.—a sizable number but a drop in the bucket compared…

Reliance’s $11 Billion Bid Wins Lion’s Share of 5G Spectrum in India Auction

NEW DELHI—Reliance Group emerged as the biggest buyer in the Indian government’s first auction of 5G spectrum, offering about $11 billion over 20 years for the rights to airwaves as it seeks to cement its leading position in the world’s second-biggest wireless market with a rapid rollout of the technology. The acquisition by Reliance Jio Infocomm Ltd. of 24,740 megahertz of airwaves across multiple bands represented more than half the $19 billion of commitments received by the government after a week of bidding that ended…