Telstra to extend 5G footprint despite takeup concerns
Venture Insights MD Nigel Pugh was quoted in The Age on the roll out of 5G in Australia and consumers aren't fully sold on paying more for 5G.
Telstra is planning to deliver 5G services across 75 per cent of its mobile network by June next year in a bid to build a decisive lead over its rivals and encourage more consumers to make the jump to the new technology. It is reported that more than 10 million Australians now "live, work or pass through" the telco's 5G network footprint on a daily basis.
With more Australians stuck at home, and many losing their jobs, because of the pandemic, telco analysts are concerned that the shift could slowdown the takeup of 5G mobile services, especially as households tighten their belts.
Nigel said "People are interested in the technology but they are not interested in paying more for it."
An economic downturn will only exacerbate this resistance, limiting the ability of telcos to capitalise on their 5G investment. "We expect 5G takeup and rollout to be slower than we previously anticipated."