Verizon 5G Home goes live on October 1
Verizon (VZ) is ready to keep its promise to start offering 5G (fifth-generation) service in 2018. It recently released details of its 5G rollout schedule and pricing. Verizon 5G Home, the name for the new wireless service, will go live on October 1 in four cities: Sacramento, Los Angeles, Houston, and Indianapolis.
Verizon has branded the service 5G Home because it’s initially rolling out to residential customers. It’s working on a 5G service for business customers as well.
Verizon 5G Home promises 1 Gbps peak speeds
Verizon 5G Home promises typical download speeds of 300 Mbps (megabits per second) and peak speeds of 1 Gbps (gigabit per second), making a powerful challenger to cable broadband providers. Prices start at $50 per month for existing Verizon wireless customers and $70 per month for new customers who may be coming from cable providers such as Comcast and Charter or wireless providers AT&T (T) and T-Mobile (TMUS).
AT&T and T-Mobile are also working on their 5G programs, with AT&T planning to start offering 5G services to a dozen US cities before the year wraps up. T-Mobile is seeking to merge with rival Sprint (S), and the two have committed to investing $40 billion on network improvements, including building a 5G network.
Telecommunications equipment vendor Ericsson predicts there may be as many as a billion 5G subscribers worldwide by 2023. Ericsson counts Verizon among its main customers.
Free TV boxes for 5G customers
Customers who sign up for Verizon 5G Home will get free service for three months before charges are applied. Verizon is also offering its 5G Home customers free YouTube TV subscriptions for three months. It’s also handing out free TV boxes from Apple and Google to its 5G Home customers. Google’s (GOOGL) YouTube TV service starts at $40 per month and offers more than 60 television channels.