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Sprint & HTC to Bring 5G Mobile Smart Hub in First-Half 2019

In an effort to outstrip competition from rival players while launching its mobile 5G network across multiple U.S. markets in the first half of 2019, Sprint Corporation S recently announced that it has joined forces with HTC to bring a powerful 5G mobile smart hub to customers. This breakthrough device will enable customers to experience Sprint 5G on multiple devices for content sharing, mobile gaming and entertainment among others with incredibly fast connectivity.

Notably, this state-of-the-art gadget is the second product designed for Sprint’s mobile 5G network and is expected to deliver multimedia and connected data capabilities in a compact and portable manner. It has been developed from a collaboration among Sprint, HTC and Qualcomm Technologies, Inc., a subsidiary of QUALCOMM Incorporated QCOM. With a Qualcomm Snapdragon mobile platform using the Snapdragon X50 5G modem, the device features Gigabit LTE and 5G capabilities for ultra-fast data speeds.

Sprint continues to build a solid 5G device portfolio so that its users can be among the first to experience Sprint 5G next year. Notably, 5G will enable faster speeds and low latency wireless connectivity. It is touted to be the primary catalyst for next-generation Internet of Things services, which include connected cars along with augmented reality and virtual reality platform, television in high definition, smart cities and connected devices among others.

Massive MIMO technology is integral to Sprint's 5G strategy and network build. The technology augments the capacity of the company’s LTE Advanced network and is software upgradable to 5G. With this, Sprint is likely to meet customers’ need for unlimited data and high-bandwidth applications.

The company intends to launch its mobile 5G network in nine of the largest cities across the country such as Atlanta, Chicago, Dallas, Houston, Kansas City, Los Angeles, New York City, Phoenix and Washington, D.C. during the first half of 2019 with additional markets to be announced later. We believe that Sprint’s strategy of balancing growth and profitability while increasing network investments and adding digital capabilities will likely drive its financial performance in the coming quarters.

The stock has outperformed the industry with an average return of 1.8% compared with 1.7% rise of the latter in the past year.

Sprint currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the industry include ATN International, Inc. ATNI and United States Cellular Corporation USM, both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

ATN International’s earnings surpassed estimates thrice in the trailing four reported quarters, the average positive surprise being 138.1%.          

United States Cellular has a long-term earnings growth expectation of 1%. Its earnings beat estimates in each of the trailing four reported quarters, the average positive surprise being 108.1%.

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