Telecom biggies Verizon are tipped to roll out 5G broadband services for American residents next year. Sources say that Verizon plan to flag the services off at Sacramento, California in the second half of 2018 and plan to cover 30 million American households.
Sources claim that Verizon had been testing this service since 2017 across 11 markets with the help of tech giants like Samsung, Qualcomm, Intel and Ericsson to measure its performance within urban and suburban territories.
Reflecting on the announcement, Hans Vestberg, President of Global Networks and Chief Technology said:
This is a landmark announcement for customers and investors who have been waiting for the 5G future to become a reality. We appreciate our strong ecosystem partners for their passion and technological support in helping us drive forward with 5G industry standards, for both fixed and mobile applications. The targeted initial launches we are announcing today will provide a strong framework for accelerating 5G’s future deployment on the global standards.
According to Verizon, the 5G commercial launch won’t have a significant impact on their capital expenditure since this plan is consistent with their annual cap-ex of prior years. As per sources, this roll out, though being the first of the 5G generation, will support IoT deployments, mobile services and low latency requiring services.