Top U.S. carriers plot faster gadgets, services

Reuters reports that the next generation of high-speed internet services, tablets, smartphones, and other mobile gadgets could arrive faster than you would expect. The two biggest U.S. phone companies, AT&T Inc and Verizon Wireless, are stepping up plans to speed up their networks and deliver advanced devices to consumers as early as this holiday season with partners such as Motorola Inc., Samsung Electronics, and LG Electronics. AT&T said it is planning to triple speeds for home internet services, and double speeds on its wireless network, while Verizon Wireless said it will be ready with a slew of high-speed phones earlier than it had previously suggested. “We still have a tremendous amount of opportunity in wireless,” John Stankey, AT&T’s operations chief said, dismissing suggestions from some telecoms analysts that the industry’s exponential growth days were over. “We’re at the front of that 10-year (growth) cycle in the mobile space today,” he said at the Reuters Global Technology Summit in New York on May 14. While wireless carriers have to depend on data services for growth, because most people already have cellphones, Stankey sees opportunities in business applications. As industries add wireless connections to their equipment, such as medical devices and security systems, each business vertical could eventually generate a $1 billion a year in revenue, he said…

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