Make Kitco Your Homepage

Verizon to start 5G mobile service in two U.S. cities from April

Kitco News

(Reuters) - Verizon Communications Inc said on Wednesday its customers in Chicago and Minneapolis would be able to use its fifth generation wireless network from April 11 by paying $10 per month with any of its unlimited mobile plans.

5G, the next-generation wireless network, is expected to offer data speeds up to 50 or 100 times faster than 4G networks.

Verizon said its customers will need a Motorola Z3 mobile and a device called 5G moto mod to connect to the 5G network.

The largest U.S. wireless carrier by subscribers will offer the device for $50 initially and its customers would not have to pay for 5G use for the first three months.

Verizon launched its first commercial 5G service in October when its 5G Home offering went live in Houston, Indianapolis, Los Angeles and Sacramento.

While Verizon is leading the charge to test its 5G services, industry analysts say the higher-speed networks are unlikely to be widely available until the middle of the next decade.

Rivals AT&T Corp and Sprint Corp are also building their own 5G networks and plan to release 5G smartphones with Samsung Electronics later this year.

Reporting by Supantha Mukherjee in Bengaluru; Editing by Shailesh Kuber

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.