Verizon’s CFO Matthew Ellis reconfirmed the company’s plans to launch 5G wireless services in three to five cities by the end of this year. Sacramento remains the only city that has been officially slated for the initial rollout of the 11 cities the technology has already been tested in. Ellis stated the first 5G offering will be fixed residential and business broadband. He said eventually they would be able to launch mobile services using their current assets and infrastructure. Ellis went on to say that Verizon will launch whenever consumer equipment is ready to receive the signal.
Verizon’s management responded to a bevy of analyst questions about its pending launch of 5G wireless services later this year, and they largely stuck to the company’s previously disclosed talking points on the topic. However, CFO Matt Ellis did reiterate that the carrier isn’t planning to increase its network spending to build out a 5G network, that the carrier will use its own proprietary equipment for the initial launch, and that Verizon will offer a “compelling” video service alongside its 5G internet service.