Showing posts with label Verizon. Show all posts
Showing posts with label Verizon. Show all posts

Wednesday, March 13, 2019

Verizon preps 5G launch in Chicago and Minneapolis on April 11

Verizon confirmed plans to launch its 5G Ultra Wideband Network in Chicago and Minneapolis on April 11, and in more than 30 markets across the country by the end of the year. The company previously launched a 5G fixed service for home broadband in October 2018 in certain neighborhoods of Houston, Los Angeles, Sacramento and Indianapolis.

Verizon is offering the new 5G moto mod, which pairs with the moto z3, to form a 5G-enabled smartphone.

Verizon will offer unlimited 5G data for $10 per month (with the first three months free) above the cost of a current 4G plan.

“Continuing our track record of 5G ‘firsts,’ we are thrilled to bring the first 5G-upgradeable smartphone exclusively to Verizon customers," said Verizon’s chief technology officer, Kyle Malady. “Not all 5G networks are the same. Verizon’s 5G Ultra Wideband network is built by the company with the nation’s best and most reliable 4G LTE network. It will change the way we live, work, learn and play, starting in Chicago and Minneapolis and rapidly expanding to more than 30 U.S. markets this year.”

Verizon provides network transformation update

Verizon provided a broad update on its 5G vision, saying it will pursue a multi use case strategy encompassing deep fiber access, spectrum, software-defined networking and multi-access edge computing (MEC) platforms as key technologies for enhancing the user experience.

Some key points from the recent Investor Briefing:
  • Verizon confirmed plans to launch its 5G Ultra Wideband Network in more than 30 U.S. cities in 2019.
  • Verizon 5G Mobility will launch in the first half of 2019, and Verizon 5G Home will expand coverage to more markets in the second half of 2019. 
  • 5G Mobility and 5G Home are expected to contribute more meaningfully to growth in 2021. 
  • Verizon's Mobile Edge Computing platform, which will enable real-time enterprise applications, is expected to launch in fourth-quarter 2019.
  • Verizon’s 4G LTE network currently covers 2.6 million square miles. The network coverage includes LTE Advanced features in 1,500 markets across the country, which provide significantly more capacity and faster peak data speeds.
  • Verizon Intelligent Edge Network (iEN), which will be the multipurpose network that serves as the foundation for the company’s network-as-a-service strategy, is rolling out in more than 60 cities across the U.S., with more than 25,000 Verizon-owned fiber miles expected to be deployed by year-end. One Fiber opens new revenue opportunities while also bringing cost efficiencies.
  • Verizon will be deploying Next Gen PON 2 nationwide wherever it deploys fiber assets. 
  • Verizon is on track to deliver against its goal to achieve $10 billion in cumulative cash savings by 2021.

Sunday, March 3, 2019

Verizon acquires ProtectWise for cloud network detection/response

Verizon has acquired ProtectWise, a Colorado-based company which provides cloud-delivered Network Detection and Response. Financial terms were not disclosed.

"Integrating ProtectWise's capabilities with Verizon's leading global network services further enhances our ability to detect and respond to security threats," said Alex Schlager, executive director, product management and development, Verizon. "In addition, as we rapidly expand our 5G footprint, increasing our capacity and capabilities in network detection and response will secure our customers as they adapt and expand with the next generation of connectivity."

“ProtectWise has dedicated the last five years to building a next-generation Network Detection and Response platform that’s been recognized as one of the leading technologies in the cybersecurity industry,” said Scott Chasin, ProtectWise CEO and Co-Founder. “Our technology and the outstanding team behind it will be great assets to Verizon as the company expands its enterprise security offerings. We look forward to becoming a part of Verizon to deliver immediate value to our customers, partners and team based on the company’s strong security market presence and global reach.”

Sunday, February 24, 2019

Cisco and Verizon partner on 5G SD-WAN

Verizon’s Virtual Network Services will support 5G devices on Cisco’s SD-WAN platform.

This will enable enterprises to leverage the performance of 5G when using services such as network slicing and mobile edge computing.

“These solutions highlight what a transformative platform 5G will be for enterprises,” said Shawn Hakl, senior vice president, Business Products, Verizon. “Cisco has been a close technology partner in driving SD-WAN based transformation in campus and branch environments, and we look forward to bridging those same best practices to mobile devices.”

“We’re excited to partner with Verizon to take the next step in SD-WAN. 5G is a transformational technology, and when combined with Cisco SD-WAN, users’ application experience can be better than ever before,” said Scott Harrell, senior vice president and general manager, Enterprise Networking Business, Cisco.“Verizon’s new Mobile SD-WAN will help enterprise customers quickly and easily transition to 5G, giving them an edge as we embrace the next generation of mobile connectivity.”

Sunday, February 10, 2019

Verizon raises $1 billion "Green Bond"

Verizon Communications has closed a $1 billion "Green Bond" to fund a variety of new and existing green investments. The company expects to allocate a majority of the funds within three years to support its long-term commitment to minimize its environmental impact, drive operating efficiencies and benefit the communities it serves.

Investments will focus on renewable energy, energy efficiency, green buildings, sustainable water management, and biodiversity and conservation,

“Verizon is committed to reducing the environmental impact of its operations, and this funding will support those efforts,” said Chief Sustainability Officer Jim Gowen. “As good corporate citizens, we have made it a priority to deploy more green energy resources, such as solar and fuel cell technology, into our facilities.”

Verizon launched its first formal sustainability program in 2009. The company has committed to source renewable energy equivalent to 50 percent of its total electricity usage by 2025.

Friday, February 8, 2019

Verizon names Hans Vestberg as Chairman

Verizon Communications' Board of Directors elected Hans E. Vestberg as chairman, effective March 8, 2019, replacing Lowell C. McAdam, who is retiring.

In addition, the Board elected Clarence Otis, Jr., as lead director, effective March 8, 2019. Otis will succeed M. Frances Keeth, who is retiring from the Board in May in accordance with the Board’s mandatory retirement policy.

Vestberg has been CEO since Aug. 1, 2018, with responsibility for all business operations at Verizon, including the strategic direction of the company. He has served on Verizon’s Board since June 2018.

Verizon appoints Hans Vestberg as next CEO - former boss of Ericsson

Verizon Communications named Hans E. Vestberg to succeed Lowell C. McAdam as CEO, effective August 1, 2018.

Vestberg, 52, is the former CEO of Ericsson and currently serves as Executive Vice President and President of Global Networks and Chief Technology Officer. From 2007 to 2009, Vestberg served as Chief Financial Officer at Ericsson, and he previously served in a number of leadership positions at Ericsson. From 2009 till 2016, Vestberg led Ericsson during a period of significant industry and company transformation. He joined Ericsson in 1991 and earning a Bachelor of Business Administration degree from the University of Uppsala, Sweden.

McAdam, 64, has served as CEO of Verizon since 2011 and as chairman since 2012. During his tenure, Verizon took over complete ownership of Verizon Wireless in 2014 through a $130 billion purchase of Vodafone’s 45 percent stake in the company. McAdam also led the acquisitions of major media, fiber and telematics assets, including AOL, Yahoo!, XO Communications and the purchase of millions of miles of optical fiber from Corning. 

Tuesday, January 29, 2019

Verizon looks to 5G transformational change

Verizon posted flat overall sales for the last quarter of 2018, continued growth in retail postpaid net mobile customer lines, continued growth in FiOS services, and a steeper loss in its media business. For 2019, the big hope is on 5G. The company's guidance is for overall revenue (GAAP) to remain a low single digit.

"Verizon finished 2018 by delivering solid financial and operational performance, as evidenced by our strong wireless service revenue and earnings growth," said CEO Hans Vestberg. "2018 was a remarkable year full of 5G firsts, including being first in the world to commercially deploy 5G with our 5G Home product. As we head into 2019 and the 5G era, we're beginning a period of transformational change. We are laser focused on delivering customers a best-in-class and game-changing experience on our networks."

Verizon reported Q4 2018 revenue $34.3 billion, up 1.0 percent from fourth-quarter 2017.  EPS for the quarter was 47 cents, compared with $4.56 in fourth-quarter 2017.

Some highlights:

Wireless results

  • Verizon reported 1.2 million retail postpaid net additions in fourth-quarter 2018, consisting of 653,000 phone net additions, 11,000 tablet additions and 556,000 other connected devices, primarily wearables. Postpaid smartphone net additions were 873,000, compared with 647,000 in fourth-quarter 2017, a 34.9 percent increase.
  • Verizon reported full-year 2018 postpaid net additions of 2.5 million, consisting of phone net additions of 1.1 million, tablet losses of 181,000 and 1.6 million other connected device additions. Postpaid smartphone net additions for full-year 2018 were 2 million, up 13 percent year over year.
  • Total revenues were $24.4 billion, an increase of 2.7 percent year over year. For full-year 2018, operating revenues totaled $91.7 billion, an increase of 4.8 percent year over year. Excluding the impact of the revenue recognition standard, total revenues grew 2.1 percent year over year in fourth-quarter 2018 and 4.4 percent for the full year, compared with 2017, to $24.3 billion and $91.3 billion, respectively.
  • Service revenues increased 0.1 percent in fourth-quarter 2018, driven by ongoing customer growth, step-ups to unlimited plans and the benefits of customers customizing their experience through mix-and-match plans. Full-year service revenues decreased 0.2 percent year over year. Excluding the impact of the revenue recognition standard, service revenues increased 1.9 percent in fourth-quarter 2018 and 1.7 percent for the full year, on a year over year basis.
  • Total retail postpaid churn was 1.08 percent in fourth-quarter 2018, and retail postpaid phone churn was 0.82 percent.
  • Segment EBITDA (non-GAAP) totaled $10.4 billion in fourth-quarter 2018, an increase of 9.7 percent year over year. Excluding the impact of the revenue recognition standard, segment EBITDA totaled $9.8 billion in fourth-quarter 2018. Segment EBITDA margin on total revenues (non-GAAP) was 42.5 percent. Excluding the impact of the revenue recognition standard, segment EBITDA margin was 40.5 percent. For the full year, segment EBITDA margin was 46.4 percent in 2018, compared with 44.1 percent in 2017.

Wireline results

  • Total wireline revenues decreased 3.2 percent year over year in fourth-quarter 2018 and 3.0 percent for the full year, compared with 2017, to $7.4 billion and $29.8 billion, respectively.
  • Total Fios revenues grew 2.5 percent year over year, excluding the impact of the revenue recognition standard. In fourth-quarter 2018, Verizon added a net of 54,000 Fios Internet connections and lost a net of 46,000 Fios Video connections, continuing to reflect the shift from traditional linear video to over-the-top offerings. At year-end 2018, Verizon had 6.1 million Fios Internet connections and 4.5 million Fios Video connections.
  • Wireline operating loss was $273 million in fourth-quarter 2018, and segment operating loss margin was 3.7 percent. Full-year 2018 segment operating loss was $273 million, and segment operating loss margin was 0.9 percent.
  • Segment EBITDA (non-GAAP) was $1.3 billion in fourth-quarter 2018. Excluding the impact of the revenue recognition standard, segment EBITDA was $1.2 billion. Segment EBITDA margin (non-GAAP) was 17.6 percent in fourth-quarter 2018, compared with 20.9 percent in fourth-quarter 2017. Excluding the impact of the revenue recognition standard, segment EBITDA margin was 16.9 percent. For the full year, segment EBITDA margin was 19.9 percent in 2018, compared with 21.1 percent in 2017.

Tuesday, January 8, 2019

Verizon notes 1.2 million net wireless postpaid additions in 4Q 2018

Verizon Communications reported a strong finish in fourth-quarter 2018, noting 1.2 million retail postpaid net additions in fourth-quarter 2018, of which approximately 650,000 were phone net additions. Retail postpaid phone churn was 0.82 percent in the fourth quarter, indicating continued strong customer loyalty.

The full earnings report is expected on January 29th.

Verizon issues $1 million "Built on 5G Challenge"

Verizon is offering up to $1 million in total grant funding as part of a  “Built on 5G Challenge”.

The funding will be provided to winning innovators to develop their concepts on live 5G networks located at Verizon’s 5G New York Lab, 5G Waltham Lab, 5G Cambridge Lab, and new locations being developed in Los Angeles, Palo Alto, and Washington, D.C. In addition, Verizon 5G Labs technical advisors will provide training and support to winning innovators.

“When we launched 4G, we couldn’t have imagined that it would enable applications like Uber and Netflix,” said Kyle Malady, Chief Technology Officer at Verizon. “5G’s unique speed, bandwidth and latency is about to usher in a new era of connectivity and innovation that many are already saying will herald a fourth industrial revolution. Now, as 5G becomes a reality for more consumers this year, we want to give innovators access to this game-changing technology to allow them to create use cases that no one has been able to dream up until now.”

Sunday, January 6, 2019

Verizon to offer McAfee-based Home Network Security

Verizon is introducing a Home Network Protection (HNP) service powered by McAfee to provide protection throughout a home network.The servuce protects against malicious websites, provides parental controls and helps keep devices connected to the home network, including Internet of Things (IoT) devices, protected.

“Our homes are more connected than ever before. It’s imperative that consumers look beyond their PCs to keep their devices and information safe,” said Shailaja Shankar, general manager, mobile and ISP business units, McAfee. “We are delighted that Verizon shares our vision of making the home a secure space and chose us to help ensure its customers are protected from online threats.”

“We are committed to providing the security solutions that help our customers enjoy their digital lives to the fullest,” said Darren Kaufmann, executive director, Verizon. “Together with McAfee, we can help ensure the home network is secure, and that parents have the peace of mind knowing they have the simple tools they need to provide a safe online environment for their children.”

Tuesday, December 18, 2018

Verizon Media Group replaces the Oath brand

Verizon will replace the Oath brand, which brought together Yahoo, AOL and other properties, with a new brand to be called "Verizon Media Group.

The announcement follows a Verizon disclosure earlier this month of a $4.5 billion accounting charge to write down the value of Oath properties.

Verizon said its media group remains a core pillar of its business.

Monday, December 10, 2018

Verizon announces 10,400 employees accept its offer to leave

 Verizon announced that approximately 10,400 employees have accepted its voluntary separation offer to leave the company next year. The program offers up to 60 weeks’ salary, bonus and benefits, depending on length of service.

Verizon had 152,300 employees at the end of third-quarter 2018.

“These changes are well-planned and anticipated, and they will be seamless to our customers,” said Verizon CEO Hans Vestberg. “This is a moment in time, given our financial and operational strength, to begin to better serve customers with more agility, speed and flexibility.

Tuesday, December 4, 2018

Verizon shows Inseego 5G hotspot device

Beginning next year, Verizon will offer an Inseego 5G mobile hotspot device powered by the Qualcomm Snapdragon 855 Mobile Platform and Snapdragon X50 5G modem and antenna modules with integrated RF transceiver, RF front-end and antenna elements. The device also offers powerful next gen Wi-Fi performance using the Qualcomm Wi-Fi 6-ready mobile solution.

The companies demonstrated the device running on Verizon’s 5G NR mobile network deployed at the Qualcomm Snapdragon Technology Summit in Maui. 

“Inseego is separating hype from reality by bringing advanced 5G NR mobile technology to life through a live VR-enabled healthcare application in Maui, powered by patented 5G MiFi® technology,” said Inseego Chairman and CEO, Dan Mondor. “Exceptional speed and low latency connectivity that mission-critical use cases require are being demonstrated in a real-world scenario, running on a live Verizon 5G network.

Monday, December 3, 2018

Verizon promises Samsung 5G phones in 1H19

Verizon and Samsung will launch their first commercial 5G smartphones in the first half of 2019.  Verizon has previously disclosed plans for its 5G mobility service to live in early 2019 and expand rapidly. It already has a fixed 5G residential service in parts of Houston, Indianapolis, Los Angeles and Sacramento.

Qualcomm is hosting its annual Qualcomm Snapdragon Technology Summit in Maui this week where a prototype will be unveiled. The unit will be powered by the upcoming flagship Qualcomm® Snapdragon Mobile Platform with the Snapdragon X50 5G NR modem and antenna modules with integrated RF transceiver, RF front-end and antenna elements.

“5G will usher in a new era of mobile connectivity, allowing people to connect to data, experiences and other people in ways never thought possible,” said Brian Higgins, vice president, wireless device and product marketing at Verizon. “Together, Samsung and Verizon have made huge gains in bringing 5G commercial services to consumers in several cities. Now, we’re partnering to create a smartphone to put the power of 5G in the palm of your hand.”

“Samsung offers end-to-end solutions that are accelerating the wide scale adoption of 5G and help us realize our vision of truly connected living,” said Justin Denison, senior vice president, Mobile Product Strategy and Marketing at Samsung Electronics America. “We’re proud to work alongside innovative partners like Verizon and Qualcomm Technologies to deliver a smartphone that will fundamentally transform how people work and play.”

Sunday, November 18, 2018

Verizon acquires PrecisionAccess from Vidder

Verizon has acquired the PrecisionAccess solution and other Software Defined Perimeter (SDP) related assets from privately held Vidder.
Financial terms were not disclosed.

Vidder’s advanced technology is already integrated into Verizon’s SDP service, which helps organizations protect application infrastructure against cyber threats by blocking connectivity from unknown devices and making them invisible to anyone without approved access.

Verizon’s SDP provides pre-authenticated, context-aware, secure access to enterprise applications, helping to reduce the security risks associated with the multiple endpoints of an increasingly digital, mobile and virtual business world.

“Vidder’s technology is best-in-class in the trusted access space,” said Victoria Lonker, Verizon’s vice president of network and security product management. “This acquisition enables us to further build out our software-defined suite of services, creating a unified networking and security solution which we believe is best-in-class when it comes to protecting organizations against cyberattacks.”

Wednesday, November 14, 2018

Verizon completes 5G NR smartphone data transmission over 28 GHz

Verizon completed the world’s first 5G data transmission on a smartphone on a commercial 3GPP 5G New Radio (NR) network using its 28 GHz spectrum.

The test was completed with a moto z3 paired with a 5G moto mod, the world’s first 5G-upgradeable smartphone, in Providence, RI. Samsung Electronics America and Qualcomm collaborated on the test.

The companies performed several tests over the 5G connection, including browsing the internet and placing a video call. The moto z3 with 5G moto mod is powered by the Qualcomm Snapdragon X50 5G modem, along with the  QTM052 mmWave antenna modules.

"In the past two years, we have consistently led the world in 5G, including launching the world’s first commercial 5G service last month. This successful test, using an actual smartphone, widens our lead,” said Bill Stone, vice president, Technology Development and Planning for Verizon. “We will be the first to offer a 5G upgradeable smartphone on our network in 2019.”

“This test is also one step closer to getting upgraded speed and connectivity that will affect all aspects of our daily lives. 5G will be a transformational leap in wireless, and we are excited to be a part of it,” Shakil Barkat, vice president, Global Product Development at Motorola.

Tuesday, November 13, 2018

Verizon: SD-WAN and software-defined enterprise services

SD-WAN is an exciting area of growth for Verizon, says Shawn Hakl, Senior Vice President, Business Products, but it is important to understand how transformative it really is. SD-WAN is really becoming a control layer that lets enterprises pull in a whole new set of services.

There has been a fairly rapid evolution of customers to whitebox solutions. Inevitably, customers don't buy SD-WAN as a standalone solution anymore. The market wants security services and WAN optimization.

One of the most exciting things is the movement to an agile, software-development model. This changes the conversation between the Service Provider and the customer. The focus turns to business outcomes.

As we enter 2019, Verizon is looking to where else SD-WAN can go, including how it will interact with 5G.

Monday, November 5, 2018

Verizon restructures for 5G

Verizon Communications announced a new corporate structure aimed at optimizing its operations for 5G. There are three customer-facing areas:

  • Verizon Consumer Group will include the consumer segment for both the company’s wireless and wireline businesses, including wireless wholesale. It will be led by Ronan Dunne, currently executive vice president and president of Verizon Wireless.
  • Verizon Business Group will include the wireless and wireline enterprise, small and medium business, and government businesses, as well as wireline wholesale and Verizon Connect, the company’s telematics business. It will be led by Tami Erwin, currently executive vice president - Wireless Operations.
  • Verizon Media Group / Oath sits at the intersection of media, advertising and technology, helping people access and receive media, entertainment, gaming, news, commerce and other services. It will be led by Guru Gowrappan, who was previously announced as Oath CEO.

There will also be a network and IT organization supporting all three groups, along with corporate-wide staff functions.

“This new structure reflects a clear strategy that starts with Verizon customers,” said CEO Hans Vestberg. “We’re building on our network transformation efforts and the Intelligent Edge architecture to deliver new customer experiences and optimize the growth opportunities we see as leaders in the 5G era. We’re focused on how our technology can benefit customers’ lives and society at large.”

Tuesday, October 23, 2018

Verizon Q3 wireless revenues up, media revenue flat, wireline down

Verizon Communications reported consolidated operating revenues of $32.6 billion, up 2.8 percent from third-quarter 2017.  EPS of $1.19, compared with 89 cents in third-quarter 2017. Year-to-date cash flow from operations totaled $26.2 billion through third-quarter 2018, up $9.8 billion year over year.

Year-to-date capital expenditures were $12.0 billion through third-quarter 2018, including spending on the 4G network, the commercial launch of 5G Home, significant fiber deployment in markets nationwide and the pre-positioning for additional 5G services. Full year 2018 CAPEX is expected to be in the range of $16.6 billion to $17.0 billion.

“Verizon has posted a third quarter of strong operational and financial performance,” said CEO Hans Vestberg. “With the beginning of the 5G era in this fourth quarter, we expect that trend to continue. We are investing in networks, creating platforms to add value for customers and maintaining a focused, disciplined strategy. Verizon is best positioned to take full advantage of the opportunities offered by the new game-changing generation of technology.”

Wireless highlights

  • Revenue of $23.0 billion, an increase of 6.5 percent year over year. Excluding the impact of the revenue recognition standard, total revenues were $22.9 billion in third-quarter 2018, an increase of 6.1 percent compared with third-quarter 2017.
  • Service revenues for the quarter on a reported basis grew 0.8 percent year over year. 
  • Approximately 83 percent of Verizon’s postpaid phone base for Q3 were on unsubsidized plans, compared with 78 percent in the same period last year.
  • 515,000 retail postpaid net additions in third-quarter 2018, consisting of net phone additions of 295,000, postpaid smartphone net additions of 510,000, tablet losses of 80,000 and 300,000 other connected devices additions, primarily wearables.
  • Retail postpaid churn was 1.04 percent in third-quarter 2018, compared with 0.97 percent year over year. Retail postpaid phone churn was 0.80 percent in third-quarter 2018. The company expects retail postpaid phone churn to increase seasonally during fourth-quarter 2018.

Wireline highlights

  • Wireline revenues were $7.4 billion. Excluding the impact of the revenue recognition standard, total wireline revenues decreased 3.7 percent year over year in third-quarter 2018.
  • Total Fios revenues were $3.0 billion. Excluding the impact of the revenue recognition standard, total Fios revenues increased 1.6 percent year over year in third-quarter 2018.
  • Verizon added a net of 54,000 Fios Internet connections, and lost 63,000 Fios Video connections in third-quarter 2018, impacted by ongoing shifts away from linear video offerings.
  • Wireline operating loss was $50 million in third-quarter 2018, and segment operating loss margin was 0.7 percent. 

Media and other highlights

  • Oath revenues were $1.8 billion in Q3, 6.9 percent below the same quarter last year. The company expects Oath revenues to be relatively flat in the near term and does not expect to meet the previous target of $10 billion in Oath revenues by 2020. 
  • In the telematics business, total Verizon Connect revenues, excluding the impact of the revenue recognition standard, were $241 million in third-quarter 2018. IoT revenues, including Verizon Connect, increased approximately 12 percent year over year, excluding the impact of the revenue recognition standard.

Tuesday, September 11, 2018

Verizon 5G Home to launch on Oct 1 -- 300 Mbps, no data cap, $70/month

Verizon will launch its fixed 5G service on October 01 -- claiming the title of first 5G commercial service in the world.

The Verizon 5G Home service uses the company's proprietary 5G TF standard. Verizon said it chose to implement its own 5G TF specification in order to launch its 5G network sooner than waiting for the formal 3GPP 5G NR standard to be incorporated into network equipment, devices, chipsets and software. The company plans to upgrade any installed equipment once the full 3GPP standard is adopted by equipment suppliers.

“To deliver the full potential of 5G, a wireless network provider must have three fundamental assets: deep fiber resources, a large deployment of small cells and critical spectrum holdings. That’s Ultra Wideband,” said Kyle Malady, Verizon’s chief technology officer.  “We will deliver a revolutionary 5G experience that will change how people live, work and play.”

Verizon 5G Home will initially be available in parts of Houston, Indianapolis, Los Angeles and Sacramento.  Customers in these cities can begin ordering the service on Thursday, September 13th.

Verizon said customers should expect typical network speeds around 300 Mbps and, depending on location, peak speeds of nearly 1 Gig, with no data caps.

Verizon will offer a “First On 5G” promotion whereby customers get 3 months free. Current Verizon Wireless customers with a qualifying smartphone plan will pay $50 per month for the service, while non-Verizon Wireless customers will pay $70 per month (taxes included and no annual contract). There are no additional hardware costs. 5G Home customers will also get YouTube TV free the first three months ($40/month thereafter) and a free Apple TV 4K or Google Chromecast Ultra device at installation.

Verizon noted a series of 5G "firsts", including:

  • First video call placed over a pre-commercial 5G connection on a prototype 5G device at the 2018 Super Bowl with Samsung in February
  • First 5G NR data transmission in a lab with Nokia and Qualcomm in February
  • First two-way data transmission of 3GPP 5G NR and the first use of multi-carrier aggregation to boost the signal into Gbps range -- outdoors -- with Nokia in June
  • First transmission of a 5G NR signal to a receiver in a moving vehicle with Nokia in August
  • First data transmission on a commercially deployed 5G NR network in Washington DC in September with Nokia
  • First data transmission over commercial 5G NR network equipment to a prototype smartphone device in Minneapolis with Ericsson and Qualcomm in September

Verizon opens more 5G labs

Verizon is expanding its 5G incubator program with new locations on the East and West Coasts.

Building on its first 5G innovation center in NYC, Verizon now plans to open 5G Labs in Washington DC, Palo Alto CA, Waltham MA, and Los Angeles CA.  The goal of the labs is "to explore the boundaries of 5G technology, co-create new use applications and hardware, and engage with the community through programming designed to encourage local innovators to rethink what’s possible in a 5G world."

Each Verizon 5G Lab location will concentrate on industries and technologies that draw from local expertise:

New York City – media and financial technology
Waltham, MA – robotics, healthcare and real-time enterprise solutions
Palo Alto, CA – emerging technology, education and big data
Washington, DC – public safety and first responders, cyber security and hospitality
Los Angeles, CA – immersive experiences such as augmented reality and holograms

See also