T-Mobile launches 5G products to compete with Verizon, AT&T for business clients

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A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton

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STOCKHOLM, May 23 (Reuters) - T-Mobile (TMUS.O) on Monday launched a suite of 5G products to lure business clients and capture some of the market share of rivals Verizon (VZ.N) and AT&T (T.N), and has signed up customers including an automaker, an airline operator and a theme park.

The product suite, what it calls 5G advanced network solutions, will offer three levels - from a complete private 5G network to sharing space over a public network, Callie Field, T-Mobile's president of business group, told Reuters. Field declined to name the customers.

T-Mobile, armed with a bigger share of spectrum that is ideal for 5G than Verizon (VZ.N) and AT&T (T.N), is trying to make a dent in acquiring business customers despite the dominance of its more established rivals.

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One of its clients, SailGP, is using T-Mobile's private 5G in San Francisco where it saw latency drop by 50% compared with Wi-Fi while sending real-time analytics from boats traveling at 60 miles per hour.

Having a private 5G network helps businesses avoid jostling for speed with others on a public network and enables data-intensive applications.

Ports, airports, warehouses and logistics hubs are expected to be the first adopters of private 5G, and IDC estimates private wireless infrastructure revenue to reach $8.3 billion by 2026 from $1.7 billion in 2021.

Field said T-Mobile was working with Dell for "edge computing" infrastructure for private 5G but could work with a vendor that a customer chooses as well.

"Edge computing" helps in analyzing bulk data where it was gathered - factory floor or an oil rig - before moving it to remote servers, attracting big technology companies to offer their expertise.

T-Mobile, in which Deutsche Telekom (DTEGn.DE) owns a 48.4% stake, has been gaining subscribers following its merger with Sprint and as it rolls out its 5G service.

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Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; Editing by Bernadette Baum

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