Verizon CEO Hans Vestberg says that 5G wireless to the home is “a revolution” while announcing the first active 5G in homes in the world. Two weeks ago Verizon started taking orders in Houston, Indianapolis, Los Angeles, and Sacramento and the response has been massive.
Fast wireless to the home has long been a goal of Verizon that is likely to spur on cable cutters since OTT programming is readily available and consumers won’t need to buy internet from the cable companies.
Vesterberg also says that they are in talks with many enterprise companies regarding their use of 5G which could truly make the IoT come to life.
Verizon CEO Hans Vestberg made discussed the 5G rollout on Bloomberg:
Verizon has worked for a long time with 5G and there are many use cases. The first use case is active 5G in the home. Instead of having fiber to the home we’ll have wireless to the home. It’s just a revolution as to what you can do with wireless. We announced 5G two weeks ago that you can order it and today we are going to make the first customers in the world, in the four cities, get 5G in the home. It’s an exciting time for us.
Many things are happening in 5G. We are doing home, there’s definitely going to be a lot of enterprise solutions, IoT and all of that. Of course, we as consumers are going to get the 5G in smartphones in 2019 which is going to be a totally new experience.
There are so many facets of 5G compared to 3G and 4G where basically throughput and speed were the only two things you could trade on. There are so many more things you can do with it including reducing latency. That’s why we started 5G with the home because we think that is a totally new market for us where we can address our customers.
We’ve had a massive interest but we do this limited, there are only four cities, but I can tell you there are so many people coming in and checking if their zip code is included, so we are starting it a little bit small and when we have established a global standard of 5G we want to roll it out to the masses throughout the country.
Enterprise is very important and of course, when it comes to 5G you can think about the real-time enterprise, you can take away all of the cords. We’re already talking to many enterprises and what use cases they see from 5G.