Verizon goes Ultra on Wednesday

Rhea-AI Summary

Verizon announced the launch of its 5G Ultra Wideband network, set to enhance connectivity for over 90 million Americans. As the leading wireless provider, Verizon is taking a proactive measure by temporarily limiting 5G deployment near certain airports to address concerns from the FAA and airlines. Despite being fully operational in over 40 other countries, Verizon insists on this limitation until navigational issues are fully resolved. Verizon generated $128.3 billion in revenue in 2020, reinforcing its position in the technology and communications sector.

Positive

• Launch of 5G Ultra Wideband network will enhance connectivity for over 90 million Americans.
• Proactive approach by voluntarily limiting 5G deployment near certain airports demonstrates commitment to safety.
• Verizon generated $128.3 billion in revenue in 2020, showcasing strong financial performance.

Negative

• Temporary limitation on 5G deployment around airports may hinder full rollout of services.
• Ongoing issues with FAA and airlines regarding 5G navigation present operational challenges.

Company agrees to temporarily limit deployment near certain airports

NEW YORK, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Verizon is proud to lead the nation in 5G. Tomorrow, Verizon will launch its 5G Ultra Wideband network which will enable more than 90 million Americans to experience the transformative speed, reliability and power of this game-changing network on the go or in their homes or businesses. Americans have been clamoring for 5G and tomorrow we will deliver it. As the nation’s leading wireless provider, we have voluntarily decided to limit our 5G network around airports. The Federal Aviation Administration (FAA) and our nation’s airlines have not been able to fully resolve navigating 5G around airports, despite it being safe and fully operational in more than 40 other countries. Thanks to the best team in the industry for delivering this technology which promises a revolutionary next step in wireless communications including tremendous benefits for our nation.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. 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 verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Rich Young
richard.j.young@verizon.com
202.515.2514

FAQ

What is the significance of Verizon's 5G Ultra Wideband launch on January 19, 2022?

Verizon's 5G Ultra Wideband launch aims to enhance connectivity for over 90 million Americans, showcasing advancements in wireless technology.

How much revenue did Verizon generate in 2020?

Verizon generated $128.3 billion in revenue in 2020, highlighting its strong market position.

Why is Verizon temporarily limiting its 5G deployment near airports?

Verizon is temporarily limiting 5G deployment near airports to address ongoing navigational concerns from the FAA and airlines.

In how many countries is Verizon's 5G network operational?

Verizon's 5G network is fully operational in over 40 countries, indicating its global reach and reliability.

What are the expected benefits of Verizon's 5G network?

The expected benefits include improved speed, reliability, and power of wireless communications for users.