U.S.-based telecom sector stocks have been soaring amid progress towards advancing 5G (next generation) technology and despite global competition.
Telcos have been ramping up their efforts recently to achieve an edge in rolling out nationwide 5G networks, which are widely expected to open up a vast array of services, including for broadband, mobile, and Internet of Things (IoT), as well as the necessary bandwidth and low latency for 3D and virtual reality ((VR)) applications.
Verizon (VZ), for example, said it is opening additional 5G Labs on the East and West Coasts, where live 5G networks