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.

Blair Levin
  • Blair Levin

C-Band Update: What Does the El Paso Airport Shutdown and Broadcaster ...

The El Paso Airport Shutdown does not on the surface reference FCC spectrum policy. But what happened is a tale of two agencies, that both rhymes with past conflicts between the FCC and FAA and raises questions about the wireless industry’s hope for access to the Upper C-Band. In this note, we address those questions and others raised by broadcasters seeking to limit the amount of spectrum that wireless can bid on in the upcoming C-Band auction.

Verizon Communications Inc: 1 director

A director at Verizon Communications Inc sold/sold after exercising options 225,000 shares at 49.614USD and the significance rating of the trade was 75/100. 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...

 PRESS RELEASE

Verizon to speak at Morgan Stanley Technology, Media & Telecom Confere...

Verizon to speak at Morgan Stanley Technology, Media & Telecom Conference on March 2 NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Dan Schulman, CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 2, at 12:20 p.m. PT / 3:20 p.m. ET. The session will be webcast, with access instructions available on Verizon’s Investor Relations website, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable netwo...

David Barden
  • David Barden

That’s a wrap! Takeaways from Metro Connect day 2

We just wrapped up day 2 at Metro Connect where we had meetings with a number of additional fiber operators. In this short note, we share our incremental takeaways from conversations at the event.

David Barden
  • David Barden

Takeaways from Metro Connect 2026 Day One

Greetings from sunny, if chilly Fort Lauderdale where we are attending Metro Connect which one of our companies described as one of the two most important infrastructure conferences of the year. We are soooo lucky not to have gotten snowed in. If you are in the northeast, please stay warm! We just wrapped Day One where we had meetings and run-ins with many, primarily, small to mid-size private fiber operators. In this short note, we present our key takeaways from our conversations at the event.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch