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An EE mobile phone store, operated by BT Group, in Reading, U.K. in 2020.

Jason Alden | Bloomberg | Getty Images

BARCELONA — British telecommunications giant BT says it expects to launch its first so-called “standalone 5G” network in 2024.

Howard Watson, BT’s chief technology officer, told CNBC that the telco group plans to switch on its standalone 5G network, which is often referred to in the industry as “true” 5G, later this year.

“Others are talking about it. They’re talking about it. But we are working to get the right ecosystem in place, which means the right set of devices,” Watson said in an interview with CNBC at the Mobile World Congress tech trade show in Barcelona.

That comes after a trial the company conducted with Swedish telco infrastructure firm Ericsson and chipmaking giant Qualcomm demonstrating network “slicing.” Network slicing is a configuration that allows multiple networks to be created on the same common physical network infrastructure.

“We’ve already been ensuring that the SIM cards that our customers have in their current 5G devices can do 5G standalone,” Watson added. “And so once we think there’s enough critical mass to have a real proposition, with some slicing behind it as well, we will launch that, and that will be later this year.”

What ‘5G standalone’ means

5G standalone would give you a slice of the network, or a specific amount of bandwidth with certain latency commitment. Each network slice is effectively an isolated part of the network that’s designed to fulfil the requirements requested by a certain application.

So, for example, if you’re a gamer and you need super-low latency to play a game competitively online, you could use 5G standalone to get latency of nine to 10 milliseconds, close to what you get from an HTTP connection to your home.

Latency is important for gamers as it measures response delays. The higher the latency, the more lag you get when you’re playing a game. This means less smooth gameplay.

“You may not want that 24 hours, seven days a week,” Watson said. “So we might have a really flexible pricing mechanism that says you can have that from 6pm to 8pm.”

“So bringing it to life in propositions for customers is how we will market it rather than with, come and buy some ‘standalone.'”

Milind Kulkarni, vice president and head of InterDigital’s wireless labs, said that network slicing is one step in a number of technological upgrades that will lead to so-called “5G Advanced,” an evolution of the 5G network.

“5G offers a fantastic platform with a lot of capability to support many use cases, and we have to continue our focus in enabling more vertical markets and increasing its capabilities as we march through 5G Advanced,” Kulkarni told CNBC.

5G standalone is different from 5G Advanced, though. 5G standalone refers to the development of a 5G network that isn’t being built on top of 4G cores. Whereas 5G Advanced is a complete evolution of the network.

BT and other network operators are looking to 5G standalone as a way to make more money from the next-generation networks they first started deploying around five years ago.

Future of 5G

Naturally, 5G plans are more expensive than 4G.

But consumers have been struggling to understand the value of 5G — which is often only incrementally faster than 4G — when many regions of the U.K. and developed countries still lack 5G connectivity.

To get 5G standalone networks off the ground, network operators first need smartphone makers like Apple and Samsung to ensure their devices have standalone capabilities.

Apple hasn’t done that in Europe, Watson said, and he’s holding out to see what happens with the next iPhone to see if the tech giant will make its smartphones 5G standalone-ready.

CEO of BT Consumer explains partnership with EE

BT’s consumer business had a major rebrand in 2023, which focused on the launch of a full suite of services, an area that telco companies have had less success scaling than digital giants such as Meta, Google, Apple and Amazon.

BT is the U.K.’s leading telecom company, operating fixed and wireless networks across the country. BT’s consumer division has roughly 30% market share in broadband and mobile services.

Its enterprise segment works with larger business customers.

It has been operating the EE mobile network since acquiring it for £12.5 billion in 2016.

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Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day

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Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day

Elon Musk (L), and Peter Navarro (R).

Reuters

As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump’s top trade advisor Peter Navarro.

Musk, the world’s richest person, started going after Navarro over the weekend, posting on X that a “PhD in econ from Harvard is a bad thing, not a good thing,” a reference to Navarro’s degree. Whatever subtlety remained at the beginning of the week has since vanished.

On Tuesday, Musk wrote that “Navarro is truly a moron,” noting that his comments about Tesla being a “car assembler,” as much are “demonstrably false.” Musk called Navarro “dumber than a sack of bricks,” before later apologizing to bricks. Musk also called Navarro “dangerously dumb.”

Musk’s attacks on Navarro represent the most public spat between members of President Trump’s inner circle since the term began in January, and show that the steep tariffs announced last week on more than 180 countries and territories don’t have universal approval in the administration.

When asked about the feud in a briefing on Tuesday, White House press secretary Karoline Leavitt said, “Look, these are obviously two individuals who have very different views on trade and on tariffs.”

“Boys will be boys, and we will let their public sparring continue,” she said.

For Musk, whose younger brother Kimbal — a restaurant owner, entrepreneur and Tesla board member — has joined in on the action, the name-calling appears to be tied to business conditions.

Tesla’s stock is down 22% in the past four trading sessions and 45% for the year. Tesla has lost more tha $585 billion in value since the calendar turned, equaling tens of billions of dollars in paper losses for Musk, who is also CEO of SpaceX and the owner of xAI and social network X.

Even before President Trump detailed his plan for widespread tariffs, he’d already placed a 25% tariff on vehicles not assembled in the U.S. Many analysts said Tesla could withstand those tariffs better than competitors because its vehicles sold in the U.S. are assembled domestically.

But the company’s production costs are poised to increase because of the tariffs on materials and parts from foreign suppliers. Canada and Mexico are among the leading sources of U.S. steel imports, and Canada is the nation’s largest supplier of aluminum, while China and Mexico are home to major suppliers of printed circuit boards to the automotive industry.

At a recent an event hosted by right-wing Italian Deputy Prime Minister Matteo Salvini, Musk said, “Both Europe and the United States should move, ideally, in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and North America.”

Musk, whose view on trade relations with Europe stands in stark contrast to the policies implemented by the president, has a vested interest in the region. Tesla has a large car factory outside of Berlin, and the European Commission previously turned to SpaceX for launches.

Even before the tariffs, Tesla’s business was faltering. Last week, the company reported a 13% year-over-year decline in first-quarter deliveries, missing analysts’ estimates. That report that landed days after Tesla’s stock price wrapped up its worst quarter since 2022.

Musk, who spent roughly $290 billion to help return Trump to the White House, is now leading the Department of Government Efficiency, or DOGE, which has slashed costs, eliminated regulations and cut tens of thousands of federal jobs. In the first quarter, Tesla was hit with waves of protests, boycotts and some criminal activity that targeted vehicles and facilities in response to Musk’s political rhetoric and his work in the White House.

WATCH: Brad Gerstner explains his Tesla position

Brad Gerstner explains his Tesla position

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Apple’s 4-day slide puts Microsoft back on top as most valuable company

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Apple's 4-day slide puts Microsoft back on top as most valuable company

Satya Nadella, CEO of Microsoft, laughs as he attends a session at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020.

Denis Balibouse | Reuters

Apple‘s 23% plunge over the past four trading sessions has again turned Microsoft into the world’s most valuable public company.

As of Tuesday’s close, Microsoft is worth $2.64 trillion, while Apple’s market cap stands at $2.59 trillion.

While the market broadly is getting hammered by President Donald Trump’s sweeping tariff plan, Apple is getting hit the hardest among tech’s megacap companies due to the iPhone maker’s reliance on China.

The Nasdaq is down 13% over the past four trading days, as President Trump’s decision to impose tariffs on imports from more than 100 countries has sparked fears of a recession brought on by rising prices. UBS analysts on Monday predicted that the price of the iPhone 16 Pro Max could jump as much as $350 in the U.S.

Both Apple and Microsoft, along with chipmaker Nvidia, were previously valued at upward of $3 trillion before the recent sell-off.

In January, Microsoft issued disappointing revenue guidance. Nevertheless, last week, as Jefferies analysts reduced their price targets on many software stocks, they wrote Microsoft was among the “companies who we view as more insulated” from tariff uncertainty.

Microsoft also had the highest market capitalization of any public company in early 2024, but Apple soon reclaimed the title.

Don’t miss these insights from CNBC PRO

Tech stocks struggle with intraday gains amid tariff uncertainty

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Tech, semiconductor stocks bounce on tariff optimism, Nvidia jumps 7%

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Tech, semiconductor stocks bounce on tariff optimism, Nvidia jumps 7%

Technology stocks bounced Tuesday after three rocky trading sessions, spurred by rising optimism that President Donald Trump could potentially negotiate tariff deals with world leaders.

Nvidia led the Magnificent Seven group’s gains, rallying about 7%. Meta Platforms, Amazon, Tesla, Apple and Microsoft jumped at least 4% each. Alphabet rose about 3%.

The sector is coming off a wild trading session after speculation that the White House could potentially delay tariffs fueled volatile swings. Alphabet, Meta Platforms, Amazon and Nvidia finished higher, while Apple, Microsoft and Tesla posted losses.

Trump’s wide-sweeping tariff plans have sparked violent turbulence over the last three trading sessions. Trading volume on Monday hit its highest in nearly two decades. Technology stocks gyrated after the Nasdaq Composite posted its worst week in five years and the Magnificent Seven group lost $1.8 trillion in market value over two trading sessions.

Semiconductor stocks also rebounded Tuesday, with the VanEck Semiconductor ETF jumping more than 5% to build on a more than 2% gain from the previous session. Advanced Micro Devices, Lam Research and Micron Technology jumped about 6%.

Chipmakers were excluded from the recent tariffs, but have come under pressure on worries that higher duties could diminish demand for products they are used in and slow the economy. The sector is also expected to see tariffs further down the road.

Elsewhere, Broadcom surged 9% after announcing a $10 billion share buyback plan through the end of the year. Marvell Technology also bounced more than 9% after agreeing to sell its auto ethernet business for $2.5 billion in cash to Infineon Technologies.

WATCH: Tariff volatility erases majority of AI stock gains

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