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OFFON

VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications : Fastest 5G Network in the World Just Launched in Las Vegas

10/14/2020 | 07:01am EDT

What You Need to Know:

  • Verizon announced a huge leap forward in this new era of technology-led disruption that will specifically benefit customers in NV
  • Verizon launched the unprecedented performance of its 5G Ultra Wideband service in Las Vegas
  • Verizon continues to innovate and advance 5G technology, doubling the download speeds on the fastest 5G in the world in some locations
  • Verizon 5G nationwide service is available today to more than 200 million people across 1,800 cities in the US

LAS VEGAS, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Verizon 5G Ultra Wideband service is live today in parts of Las Vegas. This marks a huge leap forward in this new era of technology-led disruption and innovation. In addition, Verizon’s 5G Ultra Wideband1 service, built on millimeter wave spectrum, is seeing doubled download speeds - reaching up to four Gbps in some locations2 - thanks to carrier aggregation. Verizon is also launching 5G Nationwide service for over 200 million people across more than 1800 cities around the country including residents of Nevada. To see where Verizon 5G service is available in Nevada, visit our coverage maps page.

Verizon customers in Las Vegas should expect to see 5G Ultra Wideband service around the following areas: Las Vegas Strip, Mirage Volcano, Bellagio Lake, Welcome to Vegas Sign, Paris/Eiffel Tower. To see the complete 5G Ultra Wideband coverage area in the city go to: verizon.com/coverage-map.

Verizon continues to provide unprecedented performance with its 5G Ultra Wideband service, the fastest 5G in the world3 that was built from the ground up for industrial and commercial use cases.

Verizon’s 5G Ultra Wideband boasts speeds multiple times faster than 4G. As the technology matures, it is expected to be able to handle data volumes 100 times larger than today’s 4G service, and provide ultra-low latencies, which is the time it takes for a signal to make a round trip from point A to point B. Customers in Las Vegas can now experience ultra-fast wireless speeds and take advantage of new immersive customer experiences never before available wirelessly.

“We have been out front leading the 5G revolution and driving the technology that will create transformational experiences for customers,” said Kyle Malady, Chief Technology Officer at Verizon. “Our goal with this game-changing technology is to reshape the world around us. With today’s launches, we are another step farther along on that journey.”

5G nationwide coverage on Verizon

Today, Verizon also announced its launch of 5G Nationwide to customers in Nevada. Verizon’s 5G Nationwide runs on lower spectrum bands than 5G Ultra Wideband, using an advanced technology called Dynamic Spectrum Sharing (DSS). Dynamic Spectrum Sharing allows 5G service to run simultaneously with 4G LTE on the same spectrum band. With DSS, when customers move outside Verizon’s 5G Ultra Wideband coverage area, their 5G-enabled devices will remain on 5G technology using lower bands of spectrum.

This new technology allows Verizon to use its full portfolio of current spectrum resources to serve 4G and 5G customers, maximizing their experience on the Verizon network. Customers can use Verizon’s network in a variety of ways - from virtual learning to real-time gaming - that requires the ability to allocate spectrum resources in real-time.

To learn more about the 5G America’s been waiting for visit https://www.verizon.com/about/our-company/5g.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

15G Ultra Wideband available only in parts of select cities.
2 Typical download speeds vary by location.
3 Global claim from May 2020, based on Opensignal independent analysis of mobile measurements recorded during the period January 31April 30, 2020 © 2020 Opensignal Limited.

Media contacts:
Heidi Flato
925.324.8692
Heidi.Flato@verizon.com 
Twitter: @heidiflato


verizon_logo_1300x400.jpg

Source: Verizon Communications

2020 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 135 B - -
Net income 2021 21 816 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 10,3x
Yield 2021 4,69%
Capitalization 224 B 224 B -
EV / Sales 2021 2,72x
EV / Sales 2022 2,67x
Nbr of Employees 132 200
Free-Float 96,5%
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Mean consensus HOLD
Number of Analysts 28
Last Close Price 54,03 $
Average target price 60,29 $
Spread / Average Target 11,6%
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Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
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