Verizon has the best 5G network in America

Rhea-AI Summary

Verizon (VZ) has secured top positions in RootMetrics® second half 2024 drive tests, winning awards for Best 5G, Fastest 5G, and Most Reliable 5G networks. The company achieved 874 Metro Area RootScore Awards, 70% more than its closest competitor, marking its eighth consecutive national 5G reliability award.

The company's 5G Ultra Wideband network now reaches over 280 million people. Key network improvements include expanded home broadband availability, satellite backup connectivity implementation, 5G Standalone Core deployment, and integration of 5G Advanced technologies. Verizon is also preparing its network infrastructure for AI workloads to support future innovations.

Verizon reported revenues of $134.8 billion in 2024, serving countries worldwide and nearly all Fortune 500 companies.

Positive

• Won Best 5G, Fastest 5G, and Most Reliable 5G in RootMetrics® tests
• Achieved 874 Metro Area RootScore Awards, 70% more than closest competitor
• 5G Ultra Wideband network reaches over 280 million people
• Generated $134.8 billion in revenue for 2024

Negative

• None.

Insights

Network Infrastructure Analyst

Verizon's sweep of RootMetrics' 2H 2024 awards represents more than just technical achievement - it's a strategic moat with significant business implications. The 70% lead in Metro Area RootScore Awards over the nearest competitor establishes a commanding market position that directly impacts customer acquisition costs and churn rates.

The expansion of 5G Ultra Wideband to 280 million people creates substantial monetization opportunities across both consumer and enterprise segments. The deployment of 5G Standalone Core is particularly significant as it enables network slicing - a capability that could unlock new revenue streams through differentiated service offerings for enterprise customers.

Critical infrastructure investments in satellite backup connectivity and AI-ready architecture position Verizon advantageously for emerging opportunities in edge computing and enterprise solutions. The focus on future-proofing the network through 5G Advanced technologies suggests strong potential for maintaining technological leadership and premium pricing power.

The comprehensive network strategy - spanning urban coverage, home broadband expansion and enterprise-grade capabilities - creates multiple vectors for revenue growth while defending against competitive pressures in the consumer segment. This multi-layered approach to network development indicates strong potential for maintaining market leadership and pricing power in an increasingly competitive telecommunications landscape.

Business Strategy Analyst

The RootMetrics recognition reinforces Verizon's premium market positioning and justifies their higher ARPU strategy. With 874 Metro Area RootScore Awards, the company maintains significant leverage in both consumer and enterprise contract negotiations.

The expansion of network capabilities, particularly in home broadband and satellite backup, indicates a strategic push to diversify revenue streams beyond traditional mobile services. This multi-service strategy is important for defending against competitive pressures and maintaining premium pricing in the core mobile business.

The emphasis on AI workload readiness and 5G Advanced technologies suggests a forward-looking strategy targeting high-margin enterprise opportunities. These investments position Verizon to capture value from emerging technologies like autonomous vehicles, smart cities and industrial IoT applications.

Relentless innovation and continuous improvement result in unmatched 5G reliability, speed and performance for customers

NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Verizon's relentless focus on innovation and customer experience has once again earned them the top spot in the industry, claiming Best 5G, Fastest 5G, and Most Reliable 5G in the 2024 RootMetrics® second half drive tests, the nation’s most rigorous, independent scientific study. This win underscores Verizon's unwavering commitment to providing customers with a superior 5G network experience where they live, work, and play.

“Our priority is delivering the best, most reliable, secure 5G network experience for our customers,” said Joe Russo, EVP & President, Global Network and Technology at Verizon. “This recognition from Rootmetrics reflects our dedication to staying ahead of the curve through technology innovation and ensuring our customers can always count on us. It’s why more customers trust us than any other carrier in the nation.”

Verizon's success in the 2024 second half testing extends beyond national rankings. In addition to the eighth consecutive national 5G reliability award, Verizon achieved 874 Metro Area RootScore Awards, 70% more awards than the closest competitor. Taken together, these reports offer customers an unbiased, third party end-to-end look at performance from nation to neighborhood.

Customers expect more. Verizon innovates for them.

These results don’t happen by accident. Verizon engineers work tirelessly to push the boundaries of innovation, expand access to the network for more customers, and drive continuous improvements in network performance. Below are some of Verizon’s recent efforts that contributed to the outstanding Rootmetrics results and are helping Verizon families do more.

• Verizon engineers are rapidly expanding the 5G network, ensuring more people have access to faster and more reliable connections than ever before. Now more than 280 million people have access to Verizon’s 5G Ultra Wideband network.
• Home Broadband availability is being accelerated to meet the growing demand for high-speed, reliable internet in homes across the country.
• Satellite backup connectivity has been introduced to add another level of reliability for customers.
• The deployment of Verizon’s 5G Standalone Core is enhancing network performance, enabling faster speeds, lower latency, and enabling network slicing capabilities.
• By integrating 5G Advanced technologies, Verizon is building a network of the future that is more intelligent, efficient, and capable of supporting emerging technologies and applications.
• To ensure the network can handle the demands of tomorrow, engineers are proactively preparing it for AI workloads, paving the way for future innovations.

"More people trust Verizon because we deliver where it matters most to them," added Russo. "We're building the network of the future, not just for today, which is why we continue to lead in 5G performance and reliability."

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

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/.

Based on RootMetrics® State of 5G Report, United States, 2H 2024. Tested with best commercially available smartphones on three national mobile networks across all available network types. Your experiences may vary. RootMetrics rankings are not an endorsement of Verizon.

MEDIA CONTACT:
Karen Schulz
864.561.1527
Karen.schulz@verizonwireless.com

FAQ

What awards did Verizon (VZ) win in RootMetrics' 2H 2024 tests?

Verizon won Best 5G, Fastest 5G, and Most Reliable 5G awards in RootMetrics' second half 2024 drive tests, along with 874 Metro Area RootScore Awards.

How many people does Verizon's (VZ) 5G Ultra Wideband network reach in 2024?

Verizon's 5G Ultra Wideband network reaches more than 280 million people.

What was Verizon's (VZ) revenue in 2024?

Verizon generated revenues of $134.8 billion in 2024.

What new technologies is Verizon (VZ) implementing in its network?

Verizon is implementing satellite backup connectivity, 5G Standalone Core, 5G Advanced technologies, and preparing its infrastructure for AI workloads.

How many consecutive 5G reliability awards has Verizon (VZ) won?

Verizon has won the national 5G reliability award for eight consecutive times.