Investing in 5G – A US Investment Guide and Marketing / Technical Report

Investing in 5G – A US Investment Guide and Marketing / Technical Report


This report is unique among 5G reports – it is specifically focused on the investor and/or the investor advisor. Questions like the following are answered:
  • I don’t understand 5G; can you explain it to me?
  • How is 5G different from what we now have? Why change?
  • How do I invest in 5G services?
  • What companies are involved?
  • Do I want to invest in 5G?
  • Are some companies better targets than others?
  • What is different about 5G anyway?
  • Why are the carriers all pushing 5G so hard?
  • Who is going to benefit from 5G?
These questions and others concerning the technical and marketing aspects of 5G services are answered in this report. Some of the questions about investment have to be answered in the context of particular investor’s circumstances, but this report will provide the data to intelligently make those decisions. In addition, all of the normally expected technical/marketing information points (architecture, forecasts, deployment scenarios, etc.) are included in this massive (nearly 100 figures and well over 130 pages) report.


1. INVESTING IN 5G – AN INVESTMENT GUIDE AND MARKETING / TECHNICAL REPORT
2. TABLE OF CONTENTS
3. TABLE OF FIGURES
4. 5G – IS IT AN INVESTMENT OPPORTUNITY?
4.1. Introduction
4.1.1. 5G Situation Today - Chaotic
4.1.2. So, What’s Really Going on?
4.2. What Is 5G?
4.3. The History of Mobile Service and the Generations (G’s)
4.3.1. 1st Generation (1G)
4.3.2. 2st Generation (2G)
4.3.3. 3st Generation (3G)
4.3.4. 4st Generation (4G)
4.3.4.1. LTE Advanced (4G LTE)
4.3.5. 5st Generation (5G)
4.4. Nature of 5G
4.4.1. 5G Frequency Plans
4.4.2. Importance of Frequency Differences
4.4.3. Types of 5G
4.4.3.1. Millimeter-wave 5G
4.4.3.2. Mid-band 5G
4.4.3.3. Low-band 5G
4.4.4. Carriers' Implementations
4.4.4.1. T-Mobile Implementation
4.4.4.2. AT&T Implementation
4.4.4.3. Verizon Implementation
4.4.5. The Rationale for 5G
5. INVESTMENT OPPORTUNITIES IN 5G BASED SERVICES
5.1. 5G – Major Carriers- Investment Opportunities
5.1.1. T-Mobile
5.1.1.1. T-Mobile US 5G Deployment Status as of 1-2022
5.1.2. Verizon
5.1.2.1. Verizon 5G Deployment Status
5.1.3. AT&T
5.1.3.1. AT&T 5G Deployment Status
5.1.4. Carrier Capital Requirements for 5G
5.1.4.1. What Investments Are Involved in Infrastructure?
5.1.4.1.1. Spectrum
5.1.4.1.2. Cell Site Work and Additions
5.1.4.1.3. Transmission
5.1.4.1.4. Network Core
5.1.4.1.5. Support Systems
5.2. How Much Capital Will be Required for 5G?
5.2.1. Background
5.2.2. Recent Past Capital Expenditures
5.2.3. Current and Future Plans for 5G Capital Budgets
5.3. The 5G Major Carrier Market for Investments - Comments
5.4. Smaller Carriers Investment Possibilities
5.4.1. US Cellular
5.4.2. Dish Network
5.5. Phone Manufacturer Investment Opportunities
5.5.1. Top Individual Phone Manufactures Investment Opportunities
5.5.1.1. Apple
5.5.1.1.1. Apple Financials of Interest
5.5.1.2. Samsung
5.5.1.3. Huawei
5.5.1.4. Xiaomi
5.5.1.5. BBK Electronics/OPPO/Vivo
5.5.1.5.1. OPPO
5.5.1.5.2. Vivo
5.5.1.6. Motorola/Lenovo
5.5.2. Operating Systems
5.5.2.1. iOS
5.5.2.2. Android
5.5.3. Smartphone Modems
5.5.3.1. Qualcomm Snapdragon
5.5.3.1.1. Qualcomm Financials
5.5.4. Apple iPhone Modem
5.5.5. Huawei Balong 5G01
5.6. The 5G Phone Manufacturer Market for Investments – Comments
5.7. 5G Network Equipment Manufactures – Investment Opportunities
5.7.1. Huawei
5.7.2. Ericsson
5.7.3. Nokia
5.7.4. ZTE
5.7.5. Samsung
5.8. Chip Set Vendors Investment Opportunities
5.8.1. Intel
5.8.2. Qualcomm
5.8.3. Samsung
5.8.4. Apple
5.8.5. Huawei
5.9. 5G Network Equipment Manufactures Investments – Comments
6. 5G FORECASTS
6.1. Forecast Deployment Scenario
6.1.1. 2019
6.1.2. 2020
6.1.3. 2021
6.1.4. 2022 and Later
6.2. Timeline
6.3. Capital Forecast for 5G
6.4. Individual Area Forecasts
6.4.1. Mobile Traffic Forecast
6.4.2. US Mobile Carriers Forecast
6.4.3. 5G Penetration Forecast – US
6.4.4. Smartphone Growth Forecast for 5G - the US
6.4.5. 5G Phone Introduction Plans
6.4.6. 5G US Penetration Forecast - Phones
6.4.7. Major Use Cases of 5G – Penetration Forecast
6.4.8. IoT – Internet of Things – 5G Penetration Forecast
6.4.9. Autonomous Vehicles – 5G Penetration Forecast
6.4.10. Combined Numerical Forecast Network Impact of Autonomous Vehicles and IoT
6.4.11. Over-Build Forecast
6.5. Forecasts Summary
6.5.1. Traffic
6.5.2. US Mobile Carriers
6.5.3. Phones
6.5.4. 5G Penetration
6.5.4.1. IoT
6.5.4.2. Autonomous Vehicles
6.5.4.3. Overbuild/ Cross-Boundary
7. THE ARCHITECTURE OF 5G
7.1. Basic Architecture
7.2. 5G Infrastructure Components
7.2.1. Phones
7.2.2. Antenna and Towers
7.2.2.1. Small Cell Antennas
7.2.2.2. MIMO
7.2.2.3. MIMO and 5G
7.2.2.4. Massive MIMO Spectrum Multiplying Advantage
7.2.3. 5G Radios
7.2.4. Fiber and Back-haul
7.2.4.1. Verizon Fiber Plan for 5G
7.2.5. 5G Network Cooperation
7.3. Location Types of 5G
7.3.1. Stationary
7.3.2. Mobile
8. WHAT ARE THE CHARACTERISTICS OF 5G SERVICES?
8.1. Higher Capacity
8.2. Higher Data Rate –
8.3. Lower Latency –
8.4. Massive Device Connectivity –
8.5. Reduced Costs -
8.6. Consistent Quality of Experience Provisioning -
8.7. Developmental Needs
8.7.1. Interior Penetration of mmWave
8.7.2. Infrastructure Deployment Aids
8.7.3. Support Systems
9. APPENDIX I - HISTORY OF GENERATIONS OF CELLULAR PHONES IN THE USA
9.1. HISTORY OF CELLULAR PHONES IN THE US
9.2. What are the Generations – Details?
9.2.1. 1st Generation
9.2.1.1. 1G Standards
9.2.2. 2nd Generation
9.2.2.1. 2G Standards
9.2.3. 3rd Generation
9.2.3.1. High-Speed Downlink Packet Access -
9.2.3.2. 3GPP Long Term Evolution, the Precursor of LTE Advanced –
9.2.3.3. Evolved HSPA
9.2.3.4. 3G Standards
9.2.4. 4th Generation
9.2.4.1. LTE Advanced –
9.2.4.2. MIMO
9.2.4.3. 4G Standards
9.2.5. 5th Generation
9.2.5.1. 5G Standards
10. APPENDIX II. MAJOR USE CASES FOR 5G: IOT, AUTONOMOUS VEHICLES, OVERBUILD
10.1. IoT - The Internet of Things
10.2. Availability of a Network for Connection – a Major Problem with IoT
10.2.1. Cellular IoT Connections Explained: NB-IoT vs. LTE-M vs. 5G and More
10.2.2. How did Cellular IoT come to Be?
10.2.3. Cellular IoT is meant to meet the requirements of low-power, long-range applications.
10.2.3.1. Cat-1
10.2.3.2. Cat-0
10.2.3.3. Cat-M1/Cat-M/LTE-M
10.2.3.4. NB-IoT/Cat-M2
10.2.3.5. EC-GSM (formerly EC-EGPRS)
10.2.4. 5G as an IoT Connection Solution
10.2.5. How Does 5G Enable IoT?
10.3. Autonomous Vehicles
10.3.1. Autonomous Vehicles Benefits
10.3.2. Current Versions of Autonomy
10.3.3. Issues with Autonomous Development
10.3.3.1. Safety
10.3.3.2. Business Case
10.3.3.3. Availability of a Network for Interconnection
10.4. Overbuild - 5G as a Major Competitive Tool
10.4.1. Overbuilding
10.4.2. Cross-Boundary Service
10.4.3. Competitive Implications
11. APPENDIX III - LIST OF US CELLULAR CARRIERS
11.1. Contiguous US and Hawaii
11.2. Alaska
12. APPENDIX IV - TRAFFIC STATISTICS RELATIONSHIPS
12.1. SONET/SDH Data Rates
13. APPENDIX V DATA TRAFFIC FUNDAMENTALS
13.1. Internet Traffic Calculations
13.1.1. Bits and Bytes
13.1.2. Transfer Rate
13.1.3. Busy Hour Traffic
13.1.4. Protocol Efficiencies
13.1.5. Statistical Multiplexing
13.1.6. Peaking
14. APPENDIX VI - THE LIGHTWAVE NETWORK SERIES OF REPORTS 132
14.1. The Lightwave Network
14.2. The Lightwave Series of Reports
14.2.1. General Reports on the Network
14.2.2. General Market Reports
14.2.3. Specific Systems Reports
Table of Figures
Figure 1, Radio Frequency Spectrum
Figure 2, 5G Frequency Utilization in the US
Figure 3, 5G Frequency Allocation – US
Figure 4, 5G Download Speeds
Figure 5, US Wireless Providers Prior to Sprint/T-Mobile Merger
Figure 6, Wireless Subscribers by Company after Sprint/T-Mobile Merger
Figure 7, Financial Data for T-Mobile
Figure 8, T-Mobile Coverage Map
Figure 9, Verizon Financial Data
Figure 10, Verizon Coverage Map
Figure 11, Cities with Verizon Ultra Wideband 5G service as of end of 2021
Figure 12, AT&T Data
Figure 13, AT&T Coverage Map
Figure 14, AT&T 5G+ mmWave Coverage Cities
Figure 15, Major Telco Capital Expenditures 2013-2018
Figure 16, Carrier's Capital Expenditures 2019-2022
Figure 17, Carrier's Expenditure for Spectrum (FCC Auctions)
Figure 18, US Cellular Coverage Map
Figure 19, US Cellular Financial Data
Figure 20, Total Cell Phone Shipments – Worldwide 2016-2021
Figure 21, Smartphone Growth in US
Figure 22, US Adoption of Technology
Figure 23, Selected Countries Population Vs Smartphones
Figure 24, US Smartphone Ownership by Brand -Mid 2021
Figure 25, Cell Phone Shipments Worldwide by Manufacturer
Figure 26, Apple Income Contribution by Product Area
Figure 27, iPhones in Production 2022
Figure 28, Apple Share Prices
Figure 29, Apple Sales by Category
Figure 30, Apple Sales by Country
Figure 31, Samsung Revenue Total (USD 1000's)
Figure 32, Samsung Segment Revenue (KRW millions)
Figure 33, Samsung Financials 2018-2020
Figure 34, Huawei Financials
Figure 35, Smart phone Shipment 2nd Qtr 2021
Figure 36, Xiaomi Financials 2016-2020
Figure 37, Xiaomi Stock Prices
Figure 38, Lenovo Financials
Figure 39, Qualcomm Revenues, 2020, 2021
Figure 40, Ericsson Net Sales Geographic Split
Figure 41, Ericsson Financials
Figure 42, Nokia Financials
Figure 43, Intel Financials 2021, 2020
Figure 44, Qualcomm Financials
Figure 45, 5G Forecast Timeline
Figure 46, Capital Expenditure Forecast
Figure 47, 5G Capx Compared to Total CapX - Major Carriers
Figure 48, Major Data Traffic Sources
Figure 49, US Mobile Phone Data Traffic
Figure 50, US Major Mobile Carriers Subscriber Forecast
Figure 51, Forecast of Subscribers - Major Carriers
Figure 52, 5G Penetration - One Forecast
Figure 53, 5G Penetration Forecast by Major Application
Figure 54, Smartphones as a Proportion of Total US Mobile Phones (all types)
Figure 55, Landlines are a Dying Bread
Figure 56, US Smartphone Shipments per Year
Figure 57, Smartphone Penetration Forecast
Figure 58, IoT Sense Point Forecast
Figure 59, IoT Penetration Forecast
Figure 60, Autonomous Vehicles Forecast of Impact on 5G
Figure 61, Network Impact of Autonomous Vehicles and IoT
Figure 62, Overbuild Forecast
Figure 63, 5G Basic Architecture
Figure 64, 5G Overall Layout
Figure 65, Sketch of 5G phone
Figure 66, Different Types of Antennas to be Used with 5G
Figure 67, MIMO Multipath Propagation Increases Thru-Put
Figure 68, Depiction of Massive MIMO
Figure 69, Example of MIMO Antenna
Figure 70, 5G Layout Showing Fiber Connections
Figure 71, Graphical Illustration of Fiber's Place in a 5G Network
Figure 72, Cell/Technology Cooperation
Figure 73, Fixed Wireless 5G
Figure 74, 5G Capacity Capabilities
Figure 75, Theoretical 5G Speed
Figure 76, Standards Evolution from 4G to 5G
Figure 77, Lower Latency Triangle - 5G
Figure 78, IoT Sensing Points Explosion
Figure 79, 5G Connection Capabilities
Figure 80, Wireless Penetration by Generation and Forecast
Figure 81, Network Generations Timeline
Figure 82, Conceptual Drawing - Internet of Things (IoT)
Figure 83, Cellular Approaches to IoT Connections
Figure 84, Goals of 5G
Figure 85, Some Current Partially Autonomous Versions
Figure 86, Verizon's NOOF FiOS Service
Figure 87, 5G Cross Boundary Service Example
Figure 88, Fixed Broadband Service Providers - US
Figure 89, Fixed Wireless Depiction
Figure 90, Traffic/Speed Relationships
Figure 91, Example of Various Traffic Sizes
Figure 92, Multiples of Byte
Figure 93, Wavelength to Frequency Conversion Chart
Figure 94, Sonet/SDH Conversions
Figure 95, New Transfer Rate Forecast
Figure 96, Summary of Concepts
Figure 97, Lightwave Network
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