The Age of Wireless Abundance is Here, I wrote a few weeks ago, but even I didn't expect Verizon to move so soon. President Ronan Dunne reversed a decade of crying shortage, shortage. “We’ve built our network so we can manage all the activity customers undertake and we’ve built it for the future, not just for today,”
That's an enormous turnaround from a few months ago, when CFO Fran Shammo told investors, "At the end of the day the majority of people don't need unlimited plans. But the people who use unlimited plans can be abusive, they can really wreak havoc to your network. And at the end of the day as we launched LTE, I continue to say you cannot make money in an unlimited video world."
Nothing's changed on the network, but Shammo is gone and Ronan has joined. Verizon actually has a somewhat obsolete network, building most of it in 2009-2011. More recently, T-Mobile has built comparable capacity for half what Verizon spent and has easier upgrades. If those two can go "unlimited," so can almost every major telco.
Marty Cooper said three years ago, "There's never been a spectrum shortage and there never will be one." I was skeptical until I heard some very good engineers who mostly agreed: Paulraj, Samueli, Goldsmith, Cerf and others. They inspired me to learn the technology, which is advancing at an almost unbelievable speed. 10X is in sight even with Verizon reducing capex. 25-50X will be possible soon, with Massive MIMO and mmWave. Verizon's 5G mmWave in Massachusetts will not be mobile, but Massive MIMO is ready to go.