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Virginia International Terminals Taps Verizon For Private 5G Network – $VZ $DIA

By John F. Heerdink, Jr.

Reportedly, Verizon Business (VZ) has entered an agreement with Virginia International Terminals, LLC (VIT) to build a private 5G Ultra Wideband network at one of The Port Of Virginia’s main container terminals. The deal is Verizon Business’ second with a major international port and its first with a U.S.-based terminal.

A privately held terminal operating company, Virginia International Terminals (VIT), is the most technologically advanced container terminal operator in the world and is owned by the Virginia Port Authority. The On Site 5G private network deployment is scalable and will allow VIT to replace WiFi with secure, private 5G connectivity across its 275-acre marine terminal, the Virginia International Gateway facility.

“Verizon’s On Site 5G private network is right for us because it’s flexible, scalable, and powerful enough for both industrial outdoor use and office broadband. The development of autonomous vehicles technology applied to over-the-road trucks has significant environmental impacts and addresses a major shortfall of truck drivers that is currently plaguing the transportation industry. We view Verizon as the premier 5G supplier in the market and are excited to be working with them,” stated Rich Ceci, SVP of Technology and Projects, VIT.

Sowmyanarayan Sampath, CEO of Verizon Business stated, “Seaports provide some of the best possible examples of the power of private 5G, with uses spanning autonomous vehicles, connected heavy equipment, and secure, real-time tracking and logistics, among many others. That’s why On Site 5G is ideal for innovative partners like Virginia International Terminals. It puts a wide range of 5G capabilities on offer, from data-intensive, high-bandwidth industrial needs to secure, reliable broadband for everyday business.”


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.


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. 

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(Read Original Story: Verizon Business, VIT reach agreement for private 5G network in GlobeNewswire)


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