5G service to debut in four markets
Verizon (VZ) is on track to offer Americans superfast wireless connections on its 5G (fifth-generation) network. The company is gearing up to launch 5G service in Sacramento, Los Angeles, Houston, and Indianapolis before the end of the year.
As part of its 5G rollout in the four markets, Verizon has tapped Alphabet’s (GOOGL) Google and Apple as video partners. Under the partnership with these companies, Verizon will offer either free YouTube TV subscriptions or a free Apple TV box to customers who sign up for its 5G service plans, according to Bloomberg.
Showcasing 5G technology
YouTube TV normally costs $40 per month and offers more than 60 live television channels, while the Apple TV device starts at $149. Verizon is eager to include live television as part of its 5G offering package so it can showcase the capabilities of 5G technology.
Telecom equipment vendor Ericsson (ERIC) predicts that there will be as many as a billion 5G subscribers globally by the end of 2023.
5G race increasing the pace
Verizon’s AT&T (T) is aiming to roll out 5G services in up to a dozen markets later this year. T-Mobile (TMUS) and Sprint (S), the two national wireless providers that are seeking to merge, also have plans to roll out 5G services. They are eyeing nationwide 5G coverage by 2020. T-Mobile has tapped Nokia (NOK) to help it build a nationwide 5G network. Samsung (SSNLF) is supplying Verizon with equipment and technology for its Sacramento 5G project.