If you thought the leap from 3G to 4G LTE was a nice bump, just wait until 5G rolls out in just a few years. When that happens, imagine a mobile world where you can download data at a blistering 20 gigabits per second, fast enough to download HD movies in a span of seconds.
Verizon (VZ) appears to have big plans for fifth-generation (5G) wireless technology this year, and the company’s chief financial officer recently pointed out 5G soon could become a reality in the United States.
With 5G networks not slated to roll out until 2020, Verizon is already trying to stake its claim as the 5G mobile king, recently proclaiming that they’re going to be the first U.S.-based carrier to support the standard. Fran Shammo, Verizon’s CFO, last week said his company plans to be “at the forefront” of 5G. As such, Verizon expects to be the first company to roll out 5G in the United States, according to Shammo.
“We think ahead to 5G,” Shammo said during Verizon’s 4Q15 earnings call. “We will be at the forefront and we are currently at the forefront globally talking about standards. We will be the first company to roll 5G out in the United States and we are currently preparing for those field trials.”
Verizon pointed out some of its recent investments could position the company to succeed in the 5G market for years to come.
For example, Verizon noted its acquisitions of AOL and Millennial Media added capabilities that “significantly bolster Verizon’s strategy with strong cross-platform consumer and advertising offerings, particularly in mobile and video,” Verizon said.