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Sprint deploying IoT-friendly standard by July's end

May 17, 2017 3:10 PM ETSprint Corporation (S) StockSBy: Jason Aycock, SA News Editor35 Comments
  • Sprint (NYSE:S) has said that it will deploy LTE Cat 1 across its network by the end of July, spreading a network technology optimized for the Internet of Things.
  • The tech -- which actually limits download/upload speeds to 10 Mbps/5 Mbps -- will reduce cost and extend battery life for connected devices.
  • It's targeting industrial IoT applications, vending machines and vehicle technologies.
  • The company will follow that deployment with two others in 2018: LTE Cat M1 and Cat MB1, extending usage for low-power applications.
  • Along with a sliding market today, shares are 7.2% lower, hitting their lowest point since November.

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