VZ Verizon Communications Inc.

Verizon accelerating 5G implementation

Verizon accelerating 5G implementation

  • Verizon creates virtual lab to speed 5G application development
  • San Diego becomes the 35th 5G Ultra Wideband market1 on May 28
  • Verizon enables 5G uploads2
  • Verizon adds 5G technology partners to expand mmWave coverage

NEW YORK, May 20, 2020 (GLOBE NEWSWIRE) -- Verizon announced several new 5G milestones today, including the creation of a virtual lab to accelerate the development of new 5G solutions and applications for consumers, businesses and government agencies; 5G Ultra Wideband availability in San Diego this month, Verizon’s 35th city to receive 5G mobility service; the roll out of 5G uploads in all existing 5G Ultra Wideband cities; and four new 5G technology partners who will help extend millimeter wave (mmWave) 5G coverage.

Verizon is building the network that will change how we live, work and play and this news marks significant leaps forward in 5G innovation. Verizon was first to 5G and we continue to drive the industry and our customers forward creating more options for consumers and businesses looking to tap into the power of 5G for work, entertainment and everything in between.

“Our customers’ need for 5G is accelerating,” said Kyle Malady, chief technology officer for Verizon. “We’re building our 5G Ultra Wideband network to develop and enable the 5G innovations that will support changing the behavior of consumers, businesses and entire industries.”

Virtual Lab -- Accelerating 5G Innovation

Verizon operates seven in the US and the UK, designed as incubators for the 5G technologies that will change how we live, work and play. The concept of the Labs is to create a physical space for customers, partners, entrepreneurs, students and others to work together and stress test their ideas on Verizon’s 5G Ultra Wideband network. The global pandemic has changed how we work and Verizon has quickly adapted the Lab environment into a virtual space in order to accelerate the collaboration needed to use 5G to solve the numerous, pressing challenges facing society today.

Additionally, the space can be used to host virtual conferences, demo new solutions, host impromptu brainstorming sessions, etc. Verizon’s newly acquired BlueJeans technology will play an important role in bringing the virtual lab to life.

Verizon 5G Ultra Wideband available in San Diego on May 28

America’s Finest City will now be a 5G Ultra Wideband city. San Diego will be the 35th US city to have Verizon’s 5G Ultra Wideband mobility service when the network goes live on May 28. Verizon’s 5G mobility service offers a powerful experience that impacts industries as diverse as public safety, health care, retail and sports.

In San Diego, 5G Ultra Wideband service initially will be concentrated in parts of Mission Valley near Westfield Mission Valley and SDCCU Stadium, Linda Vista along Linda Vista Road, Kensington near El Cajon Blvd, and in Banker’s Hill on 1st Avenue.

When customers move outside Verizon’s 5G Ultra Wideband coverage area, the 5G-enabled device transitions to Verizon’s 4G LTE network, the network more people rely on. In fact, earlier this year said that Verizon’s 4G LTE is faster than other 5G networks in user-experience testing.

5G upload now available

Verizon’s 5G Ultra Wideband network is synonymous with fast download speeds, but one of the biggest requests we’ve had since launching our 5G network is when uplink for 5G uploads will be available on Verizon. Starting today, customers can upload content using Verizon’s 5G Ultra Wideband network. This makes it easier to upload high-def videos to social networks, back-up work and school projects to the cloud and play massive multiplayer games. 

Initially, customers should see upload speeds on 5G about 30 percent faster than 4G LTE. 5G upload is available in all 35 Verizon 5G Ultra Wideband cities, in our Chicago 5G Home market and in any stadium or arena with Verizon 5G Ultra Wideband service. 

Partnerships that enhance experiences for 5G mobile and home customers

Today, Verizon announced partnerships with Movandi Corporation, Pivotal Commware, Inc. and Wistron NeWeb Corporation (WNC) to provide cutting-edge extender technology that will amplify millimeter wave coverage in public spaces and in homes, buildings and more. Not only can extenders expand coverage inside, they allow more customers to add more devices to the network and enhance millimeter wave coverage at outdoor locations. Verizon is also partnering with Movandi Corporation, NXP™ and Qualcomm Technologies, Inc. to develop the latest chipset technology to enhance experiences and expand coverage for our 5G Home customers.

As we continue to expand mobile and home coverage across the country, Verizon will work with leading technology partners to further advance the 5G ecosystem and bring revolutionary 5G experiences to our customers. 

15G Ultra Wideband available only in parts of select cities. 

25G upload coverage area differs from 5G download coverage area.

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 contact: 

Kevin King

410.353.3234



Twitter: @kvnhkng

EN
20/05/2020

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 9,579 shares at 44.880USD and the significance rating of the trade was 57/100. 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 yea...

Blair Levin
  • Blair Levin

T Threats Limited in Senate FirstNet Hearing; House Hearing This Week

In a legislative battle pitting the interests of T v. VZ and TMUS, the Senate held a hearing last week on the reauthorization of the FirstNet Authority (FNA), with the House holding another one this coming Wednesday. In this note, we analyze the first hearing as well as a draft House bill with an eye toward whether the upcoming Congressional action is likely to change the current economics of public safety communications for T, VZ, and TMUS.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

David Barden
  • David Barden

VZ Quick Hit: Sampath out?

According to an article out this morning from the FT, Verizon has contacted potential replacements for its CEO of Consumer Sampath. The news is a surprise given his 'heir apparent' status and the short duration of now-CEO Dan Schulman's existing contract. Our view is that even more change, and therefore uncertainty, in the wireless industry C-suite is not a positive for the sector. Verizon has a lot of wood to chop to make good on ambitious '26E guidance and introduce a new 'value proposition' i...

David Barden
  • David Barden

Verizon 4Q25 Quick Take: Not kidding around with the ‘Dan Plan’

It’s all about the future. The Verizon 4Q results press release was nearly 50% above guidance for 2026E and about how much better this coming year will be than in recent years past. 4Q was objectively not great as VZ invested to win stronger than expected post-paid phone net adds and ‘transform’ the company to a customer-centric model which can sustain subscriber growth at current prices.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch