Verizon’s 5G Mobile Hotspot costs an absurd price

Verizon turned on its 5G network in additional parts of St. Paul, Minnesota, making Big Red’s 5G availability in parts of five cities now. Alongside that, the carrier launched its first 5G mobile hotspot today, and at an absurd price point, too.

Called the Inseego 5G MiFi M1000, the device allows 15 users to connect up to it. It’ll use 5G networks available, but is backwards compatible with 4G coverage, when 5G isn’t available.

With a battery of 4,400mAh battery, you should be able to get a full 24 hours off of a single charge. However, there is a cost — $27.08 per month for 24 months, or a whopping $649.99 outright. That’s one expensive hotspot, not to even mention the data that you’re going to have to pay for it.

They do have options to pick it up on a two-year contract for $499.99.

We don’t know how attractive that’s going to be to most people, especially since Verizon’s 5G network is live in only parts of five cities right now.

source: Verizon