Verizon Business Takes Private 5G Global

What you need to know:

• Verizon teams up with Nokia to offer private 5G capabilities to enterprises in Europe and Asia-Pacific
• Private 5G will enable organizations to deliver mission critical and real-time capabilities
• Announcement marks Verizon’s continued investment in 5G and network-as-a-service strategy
  
  

NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Verizon Business today announced the launch of its international private 5G platform for global enterprises located in Europe and the Asia-Pacific region.

Delivered in partnership with Nokia, the offering will enable businesses to deploy a private industrial grade dedicated 5G network capability within their premises. In addition to ultra-low latency and increased speed, a key benefit of a private 5G network is the ability for businesses, particularly those with manufacturing, distribution and logistics facilities, to deploy a customized on-site mobile network, eliminating the need to transmit data through public networks.

"Today, we’ve announced the next phase of Verizon's global 5G vision with the launch of private 5G for our international customers,” said Tami Erwin, CEO, Verizon Business. “If the past few months have taught us anything, it’s that there’s never been a more critical time for mobility, broadband and cloud products and services. Private 5G networks will be a transformative technology that will drive the new era of disruption and innovation for enterprises around the world."

A private 5G network is a self-contained network whose components all reside in a single facility, consisting of micro towers and small cells and connects to an organization’s Local Area Network (LAN) and enterprise applications. It will utilize Nokia’s , a private wireless network solution with automation enablers that will allow for application deployment through a web-based interface.

“Private wireless connectivity has become central to many industries in realizing their long-term digital transformation goals. By delivering private 5G together with Verizon, we’re paving the way to accelerate digitalization for the most demanding industries who crave reliable wireless connectivity,” said Brian R. Fitzgerald, SVP Global Solutions at Nokia.

Verizon has been leading global efforts around 5G. In addition to its , the Company recently announced a 5G  and is a founding member of the , a group of global 5G leaders accelerating the delivery of 5G and interoperable MEC-enabled solutions. The launch of private 5G will also enable Verizon Media to deliver its next-generation content creation, production and distribution technologies at scale and in real-time to global audiences for customers. 

“We're seeing international markets moving rapidly to deploy 5G Private Networks, which appears as a major use case for the uptake of 5G, particularly in order to capitalize on 5G investments in the enterprise market. With the ingredients of an early mover go-to-market 5G-know-how, foundational enterprise networking and innovative 5G enabled services Verizon's go-to-market recipe with Nokia will be an attractive solution to the broader market,” said Martina Kurth, associate vice president of IDC’s European Telco Research practice.          

Today’s announcement follows recent MEC partnership announcements with , and . In August, Verizon recently on its new 5G mmWave in-building solutions.

More information on how Verizon’s private 5G platform can help your business can be located .   

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. News releases, stories, media contacts and other resources are available at .

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