VZ Verizon Communications Inc.

Verizon and Cellwize team up to speed deployment of Verizon’s 5G network and make development for the network simpler

Verizon and Cellwize team up to speed deployment of Verizon’s 5G network and make development for the network simpler

New platform uses AI ML to speed deployment and improve efficiency of new cell sites; Provides a neutral platform for vendors to help develop new innovations

BASKING RIDGE, N.J., July 15, 2020 (GLOBE NEWSWIRE) -- and have collaborated on a new platform that uses Artificial Intelligence and Machine Learning (AI ML) to speed the deployment of Verizon 5G sites and simplify how apps are developed for the Verizon network. 

The introduction of CHIME, Cellwize’s RAN automation platform, advances the use of innovative machine learning algorithms on a next generation, virtualized and vendor agnostic platform and help pre-determine the most efficient design for a new cell site. Design parameters include how to identify the cell site when connecting customers to the internet, which nearby sites to connect with when customers are making calls or sending messages, and how to create the fastest connections for customers. With those and many other parameters pre-determined by advanced AI ML algorithms, Verizon can automate optimization of new 5G cell sites, speeding their deployment and improving their efficiency.

This new platform simplifies how apps are developed on the Verizon network and accelerates the creation of a self-optimizing 5G network.

“Networks use several infrastructure vendors, each with its own code. By creating an open RAN application platform, developers no longer have to learn individual vendor codes, or keep up with changes in vendors’ distinct codes to develop for our network,” said Bill Stone, Vice President of Planning for Verizon. “It simplifies their efforts to help us stay on the cutting edge of innovation by eliminating the need for them to keep up with different and changing data models, structures and naming conventions. It gives them a neutral platform on which to develop new innovations to improve the network for our customers.”

Developers that will benefit from this platform are working on new innovations that will help automate the network, deliver data insights, use Automated Intelligence and Machine Learning (AI/ML) to model capital expenditure plans, improve network performance, or help identify and eliminate interference.

“Standards bodies are working on standardizing this kind of platform for the entire industry,” said Stone. “The work we are doing with Cellwize will help push those industry standards forward and will provide valuable insights as we work to make it easier for developers to innovate and drive new technology improvements for the industry.”

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers voice, data and video services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at . News releases are also available through an RSS feed. To subscribe, visit .

Media Contacts:

Karen Schulz

864-561-1527

EN
15/07/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Verizon Communications Inc.

Verizon Communications Inc: 1 director

A director at Verizon Communications Inc sold 10,000 shares at 43.810USD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...

 PRESS RELEASE

Verizon to speak at J.P. Morgan conference May 14

Verizon to speak at J.P. Morgan conference May 14 NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Hans Vestberg, Chairman and CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 14 at 8:00 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, . For details on Verizon's most recent financial results, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed in 2000 and is one of the world’s leading providers of technology and communicat...

Jonathan Chaplin
  • Jonathan Chaplin

Winter for wireless 1Q25

This note explores the drivers of growth and market share shifts in Mobile in 1Q25. Industry net adds, switching, and upgrades all increased sharply. Investors are wrestling with whether the market is healthy or whether the increase in activity reflects a pull-forward of activity from later in the year driven either by consumers’ concerns over the impact of tariffs on handset prices or by unusually aggressive promotions. We suspect that activity was pulled forward (as do two of the carriers)...

 PRESS RELEASE

Before, during and after severe weather, Verizon’s got you

Before, during and after severe weather, Verizon’s got you Proactive measures and a robust network keep customers connected NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- In response to the growing threat of severe weather, including hurricanes, wildfires, and tornadoes, Verizon is reaffirming its commitment to keeping customers connected. Through resilient network infrastructure, specialized response teams, and proactive community support initiatives, Verizon is prepared to support customers, communities, and public safety agencies when it matters most. “In the face of severe weather, we ...

 PRESS RELEASE

Verizon te respalda antes, durante y después de fenómenos climáticos s...

Verizon te respalda antes, durante y después de fenómenos climáticos severos Medidas preventivas y una sólida red mantienen a los clientes conectados NUEVA YORK, May 07, 2025 (GLOBE NEWSWIRE) -- En respuesta a la creciente amenaza de fenómenos climáticos severos, tales como huracanes, incendios forestales y tornados, Verizon reafirma su compromiso de mantener a sus clientes conectados. A través de una infraestructura de red resistente, equipos de respuesta especializados e iniciativas proactivas de apoyo comunitario, Verizon está preparado para respaldar a sus clientes, la comunidad y l...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch