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Verizon's 5G Home internet and TV service launches October 1st
Today Verizon announced it's launching "the world's first commercial 5G broadband internet service" on October 1st. 5G Home service uses the next generation wireless technology to offer home internet service without a cable or fiber hookup. Residents of "certain neighborhoods" in Houston, Indianapolis, Los Angeles and Sacramento can pre-order access beginning on Thursday to get their service free for the first three months. Priced at $50 for people who already have Verizon wireless and $70 for those who don't, it's promising speeds of "around 300 Mbps" up to 1 Gbps, with no data caps. Beyond the "First On 5G" marketing push, Verizon is also branding its service as being built on a "5G Ultra Wideband Network" because of its spectrum holdings, fiber connections and small cell base stations. A video angle comes courtesy of Apple and Google. The package includes three months of free access to YouTube TV, plus a free Apple TV 4K or Chromecast Ultra. "White glove" installation is free, as well as a free router and "router upgrades" due next year, plus a promise that customers will get first dibs on 5G Mobile devices once those hit the market.
Verizon outbids AT&T for key 5G wireless spectrum (updated)
A month ago, AT&T announced it would acquire Straight Path Communications for $1.6 billion, specifically because Straight Path owns licenses to use high-frequency radio waves that will be crucial for the next generation of wireless technology. However, after that agreement, an unnamed Multi-National Telecommunications Company (that is reportedly Verizon, the owner of this website) stepped up with a bid of $3.1 billion in stock, and tonight the Wall Street Journal reports that AT&T has declined to match it.
AT&T paid $1.6 billion to own the next generation of wireless
For all intents and purposes, it looks like AT&T is going to own a majority of 5G wireless connections in the US. The company has announced that it has acquired Straight Path Communications for $1.6 billion. Not familiar with the name? That's totally understandable. "Straight Path is the largest commercial holder of the 39 GHz spectrum, with about 95 percent of the total licenses commercially available, as well as a significant holder of 28 GHz in major markets, including New York and San Francisco," the company's website reads.
