T-Mobile Could Finally Beat Verizon this Time!

T-Mobile spent $8 Billion this April on new low band spectrums so that they can improve their wireless network, and that network is now officially online. Cheyenne, Wyoming, a cluster site for the company, is the first place in the entire country that was given access to T-Mobile’s 600 MHz network which is LTE.

The CTO of T-Mobile, Neville Ray said that this rollout is a massive milestone for the company and it would close up the coverage gap that T-Mobile has with Verizon.

This is a huge step for T-Mobile as new spectrum generally takes many years to roll out. The FCC grants licenses in June, but for T-Mobile, this time the network is online by August, which makes it much faster than what anyone expected.

Wyoming is just the start of many more to come by the end of 2017. The plan is to build coverage to sites in Eastern Washington, Central Virginia, Central Pennsylvania, Coastal North Carolina, Maine, Western North Dakota, Oklahoma Panhandle, Southwest Kansas, West Texas, Northwest Oregon and Wyoming.

600MHz spectrum is really challenging as TV stations use this spectrum currently. But the stations are moving to different frequencies now and T-Mobile is pulling money out of their own reserves to make this a faster shift for iPhone users.

Although there are currently no phones that support 600MHz LTE network, by the end of the year, LG and Samsung would have phones that support this spectrum. By 2018, almost all mobile devices would start supporting this spectrum, according to Ray.

Soon T-Mobile would become the largest network of United States.

Samsung Electronics CEO Shocks the Nation with His Resignation

The South Korean tech giant Samsung Electronics is all set to report an all-time high profit in its third quarter but the CEO shocked the nation with his resignation news.

The company went through the period of turmoil when its de-facto head and heir to the Samsung empire, Lee Jae-Yong, was sent to jail over a bribery scandal. Then they had to recall their flagship product Galaxy Note 7 smartphone over the issue of exploding batteries.

Pulling through the trying times under the leadership of Kwon Oh-Hyun, the CEO of the company, the company was expected to post a quarterly profit of 14.5 trillion won. This amount is nearly thrice of what was reported in the same quarter last year.

The company did not specify the performance estimates of each business division but according to estimations, it’s the semiconductor business of the company that is predominantly responsible for boosting its bottom line.

The sales figures have also gone up by 29.65 percent this year. There was an increase in the price and shipment of DRAM and NAND memory chips as well. These are the company’s main products that are used in smartphones.

Despite this spectacular performance, Kwon announced his resignation. He said, “Fortunately, the company is now producing best-ever results but this is merely a fruit of decisions and investment made in the past. As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company (to) start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry.”

The earnings are expected to be released later in this month.