As per reports, Verizon Communications, Inc. (VZ) has signed a deal with Alphabet Inc’s (GOOG) Google Cloud to use its 5G network and the tech firm’s computing power to offer services such as smart factories and autonomous robots. Telecom companies are partnering with technology firms to automate businesses and factories to reduce costs and speed up data traffic through private 5G networks that remove the hustle for speed with others on a public network.
The telecom giant has been making private 5G deals in several countries and has partnered with other cloud operators such as Amazon’s AWS and Microsoft’s Azure. Ericsson, which supplies telecom gear to Verizon, will pilot the new service at its 5G smart factory in the United States.
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 track its progress, please visit the Vista Partners Verizon Communications Inc. Coverage Page.
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