AT&T's Penrose: $5 LTE modules for IoT devices are coming
January 13, 2016
Narrowband LTE and LTE-M are a couple of the new versions of the LTE Release 13 standard that are being touted for their ability to make cellular-enabled IoT devices less expensive. In fact, a top AT&T (NYSE: T) executive said that he believes that sub-$5 cellular modules are coming soon thanks to the proliferation of these versions of LTE.
"The goal with narrowband-LTE is the sub-$5 modules," said Chris Penrose, SVP of AT&T Mobility's IoT Solutions group in an interview withFierceWireless:Tech at the 2016 AT&T Developer Summit in Las Vegas held earlier this month.
And if the $5 module and even sub-$5 module becomes a reality, Penrose believes that the number of cellular-enabled IoT devices will grow dramatically. He estimates that today only about 10 percent to 15 percent of current IoT devices have cellular capability. "These newer technologies will provide a longer battery life and that will enable you to put LTE in a device vs. just Wi-Fi or some other short-range wireless solution. I believe it will grow the cellular-enabled IoT devices by a significant amount."