TeraGo says it will be the first Canadian operator to sell 5G technology. The company currently offers high-speed internet to business clients, but is looking to enter the residential market and compete with the Big Three by offering higher speeds to enable 5G-based tech. (Globe and Mail)
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TeraGo says it will be the first Canadian operator to sell 5G technology. The company currently offers high-speed internet to business clients, but is looking to enter the residential market and compete with the Big Three by offering higher speeds to enable 5G-based tech. (Globe and Mail)
Talking point: TeraGo’s ambitions are small, but they have significant implications. For now, the company is looking to offer high-speed broadband to a small number of urban high-rises. It doesn’t have the capacity to compete with the Big Three at scale—the company has a market cap of about $160 million and 200 employees; Bell alone has a market cap of $37 billion and over 50,000 employees. If TeraGo is successful, it will be positioned to offer 5G tech to businesses and a handful of residential clients well before most Canadians have access. Currently, the federal government isn’t holding a 5G spectrum auction until 2020. That’s well behind peer countries: the U.S., for example, launched its first high-band 5G spectrum auction in November 2018.
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