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Verizon Communications Inc. (NYSE:VZ) Announce Expansion of 5G Home Broadband Service

Verizon Communications Inc. (NYSE:VZ) is bringing its 5G Home broad service to an additional ten cities, with T-Mobile (NYSE:TMUS), indicating that it will launch its version before the end of March. Carriers have been moving beyond LTE with 5G home services competing with fiber and cable as main internet providers.

5G home broadband appealing to young renters

It is important to note that the 5G home broadband service uses a small box that doesn’t need a wiring hookup apart from power. This is an appealing alternative for young renters since it doesn’t require installation, and it is something they can move around with. However, the 5G home service doesn’t match the faster fiber and cable download speeds, but it offers respectable speeds where there is a strong signal rivaling fiber in upload speeds.

With the Verizon mobile, the service will cost $50 per month and $70 per month with no annual contract. The carrier said that customers expect typical download speeds of 300Mbps and upload speeds of around 50Mbps. Interestingly this is better than what some of the carrier’s customers receive, and it matches fixed-line broadband service. For customers living in areas where the is the ultra-wideband 5G, they expect to enjoy gigabit speed.

Verizon to extend the network to ten cities

The company said that it will launch the service in ten additional cities starting March 18. Some of the areas it will cover include Cleveland, Las Vegas, San Diego, Omaha, and Louisville, where customers can sign up and enjoy fast speeds. From March 25, the service will launch in parts of Cincinnati, Charlotte, Hartford, Salt Lake City, and Kansas City. In the next 12 months, the company plans to have incremental 5G bandwidth available to over 100 million customers, delivering the 5G ultra Wideband performance on C-Band.

T-Mobile has also announced that it will launch its rival services, although the company didn’t offer details about the product. The service, which was first available as a 4G LTE solution, the Home solution switched to a router that can connect both 5G and 4G LTE networks.

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