Verizon launches 5G service in Minneapolis, Chicago

By TechnologyFOXBusiness

Consumer Technology Association’s Gary Shapiro says 5G is the future

Consumer Technology Association CEO Gary Shapiro gives his take on Waymo and whether the Sprint, T-Mobile merger would help the U.S. win the 5G race against China.

Verizon Wireless customers in Minneapolis and Chicago on Wednesday will have access to the carrier’s new fifth-generation wireless network, a week ahead of its scheduled launch.

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Interested consumers will need to purchase a 5G moto mod to attach to the Motorola moto Z3 in order to access the network. The service will cost an additional $10 per month, the New York-based carrier said previously.

“We’re lighting up our 5G Ultra Wideband network in Chicago and Minneapolis, providing the world’s first commercial 5G mobile service with a 5G-enabled smartphone,” CEO Hans Vestberg touted in a statement.

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The company plans to expand the offering, which promises broadband speeds without a hard-wired connection, to more than 30 cities in 2019.

Wireless providers are rushing to establish 5G networks, creating a bitter rivalry between top U.S. carriers. Sprint, for example, previously sued AT&T over its “5G Evolution” offering, which is actually the same 4G LTE technology used by most companies.

TickerSecurityLastChange%Chg
VZVERIZON COMMUNICATIONS INC.57.15-1.22-2.09%
TAT&T INC.32.10+0.02+0.06%
TMUST-MOBILE US INC73.75+0.03+0.04%
SSPRINT CORP.5.71-0.17-2.89%

AT&T, Sprint and T-Mobile also plan to launch 5G services this year.

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T-Mobile and Sprint have made the 5G race between the U.S. and China a foundation of their pitch to the federal government as its reviews the $26.5 billion merger between the third and fourth largest domestic carriers, respectively.