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Verizon launching 5G wireless networks on April 11 in Chicago, Minneapolis

Verizon Communication Inc announced launch of its first fifth generation mobile services in two cities in the United States beating rivals Sprint and AT&T in the 5G race.

The 5G services will be available to existing customers in Chicago and Minneapolis having unlimited plans at an additional cost of $10.

Starting from April 11, users in the cities of Chicago and Minneapolis will be offered 5G wireless network, using a Motorola Z3 mobile along with a 5G “Moto Mod”, a physical attachment to the phone like magnet to make it compatible with new 5G network, the telecommunications company said.

Sprint Corp and AT&T Corp are also busy deploying their 5G networks build outs and are intending to release 5G smartphones in collaboration with the Samsung Electronics later this year, whereas Samsung, last month also announced launching of its first 5G smartphone with Verizon’s network.

The next-generation 5G wireless network is expected to be offering lightning fast speeds of 50 to 100 times faster than the speeds of current 4G networks.

Verizon, the largest U.S. wireless carrier by subscribers, will not only be offering the Moto Mod for an initial price of $50 but its customers will be enjoying the first three months of 5G service without being charged.

For the year 2019, Verizon has plans of expanding its 5G wireless networks to more than 30 cities, while its first commercial service of 5G Home is already live in Los Angeles, Indianapolis, Sacramento and Houston since October last year, but apparently the users of 5G Home will not be able to use the 5G wireless services due to possible non compatibility with the current services.

Though Verizon, as a leading player, as well as the other competitors lagging behind it have been busy testing their 5G services, but industry analysts are in opinion that higher-speed networks with 5G services are not likely to be available for some more years.

Maria Wiggins

Written by Maria Wiggins

Maria Wiggins:- News Stories
I am Maria Wiggins and I have over 11 years experience in the Technology industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

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