Not too long ago, Verizon announced the expansion of its 5G mobile networks in multiple cities, thus living up to its promise of reaching 30 markets by the end of 2019. However, those waiting for the carrier’s 5G Home service may have to wait a bit further as per a Verizon executive quoted by Light Reading.
He says this is because Verizon doesn’t have the equipment required to bring in-home 5G to more areas of the country. It is further mentioned that powerful new equipment will only arrive in the second half of the year. So it’s safe to assume that the company will only add more in-home 5G markets by the second half of 2020.
Interestingly, Verizon gave out a similar statement at the beginning of 2019 stating that 5G Home will reach more markets by the second half of the year, so we’re taking this with a grain of salt for the time being. The Verizon executive also added that the company plans to bring 5G Home to a total of 30 million households within the next 5-7 years. With plenty of time still left, it will be interesting to see how that plan will pan out.
The carrier hasn’t been completely inactive, however. In October 2019, Verizon brought 5G Home to Chicago, IL. It’s also worth pointing out that this rollout offered the 5G NR standard as compared to the 5G TF which was used in previous 5G Home markets. While it’s not particularly good news for those seeking high-speed 5G networks for their entire home, Verizon is expected to significantly bolster its 5G network this year.
Verizon will have to compete with the likes of T-Mobile which has already commenced a nationwide rollout of its 5G networks since December. A Verizon executive mentioned yesterday that the price of 5G phones is expected to dip to the sub-$600 range in 2023, so there’s some good news after all.
Source: Light Reading
Via: The Verge