Verizon Communications announced it will launch wireless residential broadband services in at least three and up to five U.S. markets in 2018. Verizon’s first commercial launch is planned for Sacramento, CA, in the second half of 2018. Details will be forthcoming, according to the carrier.
Verizon trialed 5G residential applications in 11 markets this year. The commercial launch is based on customer experience and on the carrier’s confidence in new technology using millimeter-wave spectrum. The carrier estimates the initial 5G market opportunity for residential broadband at 30 million households nationwide.
Verizon Global Networks President/CTO Hans Vestberg called the announcement a “landmark” and said the 5G launch will not “have a material impact on Verizon’s consolidated capital expenditures in 2018.” Also, the initial launches “will provide a strong framework for accelerating 5G’s future deployment.”
December 1, 2017