Common Networks is betting that 5G wireless technology will replace cable internet in your home. Upstart100
, the two largest U.S. operators, have shifted their business models to invest billions of dollars in boosting nationwide speeds while spending less effort keeping traditional television subscribers."Providing internet service is a very large market," said Kyle Doherty, a managing director at General Catalyst, whose venture capital firm led a $25 million Series B funding round in Common Networks last year.
High-speed broadband still isn't ubiquitous, but it will be in the future. There's a fair share of incumbents, but we're pretty compelled by the approach they're taking.Still, it remains to be seen how quickly Common Networks can provide its technology outside of the San Francisco Bay Area. Regulations in certain cities could delay expansion, and being first to market is an important advantage for Common Networks, Doherty said.
the same $50-per-month price for households with a Verizon wireless account and $70 per month for homes that don't. Verizon is also giving away the first three months of home Internet for free., said telecommunications analyst Craig Moffett of MoffettNathanson. Architectures based on millimeter wave spectrum suffer from wave-strength issues, he said.
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