fbpx

Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

Verizon Business Launches Commercial Private 5G In U.S

By John F. Heerdink, Jr.

Reportedly, Verizon Business (VZ) has launched its first commercially available private 5G network in the U.S. to offer businesses and government departments high-speed indoor or outdoor connectivity. 5G network removes the need for businesses to jostle for speed with others on a public network and assists data-intensive applications that use augmented reality, computer vision, and machine learning with increased productivity.

“You can go up to four or five gigabit (per second) speed easily today, but what is interesting is that you have four or five gigabits consistently,” stated Sowmyanarayan Sampath, president of Verizon’s global enterprise business, in an interview.

Managed by Verizon, the private 5G network will keep all cellular traffic on the premises of the customer to increase security, while authorized remote users can still access applications. For the initial deployment, the company is using Corning radios and Ericsson’s core equipment, and would be open to using gear from Nokia and Samsung at a later stage, president Sowmyanarayan Sampath informed. The current networks are built on existing 4G networks to account for forward and backward compatibility for devices.

The telecom giant is seeing a lot of demand from financial institutions to increase the speed of trading flows with 5G, and also warehouses, as they are planning to use robots and autonomous vehicles, Sampath informed.

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.


(Read Original Story: Verizon turns on commercial private 5G in U.S. in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us