Verizon to Offer 5G Broadband Services in 5 Markets in 2018

Verizon Communications Inc (VZ Free Report[1]) plans to launch next-generation 5G wireless residential broadband services in three to five U.S. markets in 2018. Consequently, shares of Verizon gained 2.21% to £49.90 on Nov 29. The first commercial launch is scheduled in Sacramento, CA, in the second half of 2018.

Following this, Verizon will be able to compete with Comcast Corp (CMCSA[2] Free Report[3]) , which provides broadband services in Sacramento. Additional details of this launch and the announcement of other markets will be unveiled later. During the first application of 5G wireless network, Verizon will be using millimeter-wave spectrum (radio signals) instead of copper or fiber cables, to provide customers with unmatched wireless speeds for Internet access.

The company started conducting field trials for its upcoming 5G wireless network with partners. Verizon has successfully conducted customer trials in 11 U.S. cities. The company is focused on building a fiber and wireless infrastructure to deliver mobile video efficiently.

The wireless giant, which was the first to deploy the 4G LTE (Long-Term Evolution) network nationwide, has initially tested equipment at 15GHz, 28GHz, 39GHz and 64GHz frequency bands for 5G network deployment. The company’s partners in the 5G project are Cisco Systems Inc., Ericsson LM Nokia Corp. and Samsung. Verizon anticipates catering approximately 30 million households nationwide with the initial 5G residential broadband services.

Verizon claims that its 5G network will provide a download speed of 1 Gbps (gigabit per second) which is 200 times the throughput of the existing standard 4G LTE network. As 5G continues to evolve, customers will benefit from a wide array of services which include broadband, mobile and IoT (Internet of things). Impact on 2018 Outlook

The 5G commercial launch will not have a material impact on Verizon’s consolidated capital expenditures in 2018. The company expects full-year 2018 capital spending program to be consistent with the past several years. Verizon’s Latest Toil on 5G

On Oct 17, 2017, Verizon, Qualcomm Technologies, Inc., a subsidiary of Qualcomm Inc (QCOM[4] Free Report[5]) and Novatel Wireless teamed up for 5G New Radio (NR) millimeter wave (mmWave) technology development and over-the-air field trials based on the 5G NR Release-15 specifications. The collaboration is aimed to enable the transition of the mobile ecosystem toward faster validation and commercialization of 5G NR mmWave technologies. The venture will complete a full-scale commercial network deployment before the end of the decade.

Rival’s Take on 5G Verizon’s closest rival, AT&T Inc (T Free Report[6]) has been conducting 5G network trials in Waco, TX; Kalamazoo, MI; and South Bend, IN, in sync with the company’s plan to offer standard-based mobile 5G services to consumers from late 2018. AT&T will allow participants access faster broadband services over a 5G internet connection and watch live TV via AT&T’s DirecTV Now.

Colleges, hospitals, churches, restaurants and other small businesses are likely to be included as participants in AT&T’s new trial. In December 2016, the company initiated next-gen 5G technology trials in partnership with Ericsson using the millimeter wavelength technology in Austin, TX. Other national telecom operators including T-Mobile US and Sprint are gearing up to initiate full-phased 5G deployment from around 2020.

Additionally, United States Cellular is also preparing to deploy 5G wireless network Winding Up

5G marks a revolution in the field of communications and technology. With the U.S. telecom industry continuously evolving, companies in the league are competing against each other to stay ahead.

Verizon is leading the industry with the first commercial application of next-generation broadband services. Other targeted initial launches will provide a strong framework for accelerating 5G’s future deployment on the global standards. Zacks Rank and Price Performance

Currently, Verizon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here[7]. With such positives, Verizon portrays an impressive price performance.

In the past month, shares of Verizon have gained 4.2% against the industry[8]‘s growth of 2.2%.

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  1. ^ Free Report (
  2. ^ CMCSA (
  3. ^ Free Report (
  4. ^ QCOM (
  5. ^ Free Report (
  6. ^ Free Report (
  7. ^ the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here (
  8. ^ industry (
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