How are cellphone IP addresses assigned?

To answer your first question mobile/cell-phone IP addresses are handed out using DHCP like any other client device. To answer your second questions, well yes, through NAT – that’s what NAT does, it allows multiple ‘inside’ devices to get IP services through a NAT gateway – external IP services will not be able to identify individual internal devices like phones by IP but could via a session ID, cookie or similar.

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