Verizon, AT&T, and T-Mobile have spent $118.4B on 5G airwaves and network upgrades, compared to $61.8B spent on 4G, but have little to no revenue to show for it (Bloomberg)

Bloomberg:
Verizon, AT&T, and T-Mobile have spent $118.4B on 5G airwaves and network upgrades, compared to $61.8B spent on 4G, but have little to no revenue to show for it  —  When Verizon, AT&T, and T-Mobile introduced the first 5G mobile services in the U.S. three years ago …