Lowell McAdam, the chief executive officer of Verizon Wireless, has revealed that the 5G tests (as promised) that the Big Red conducted in the community of Basking Ridge in the state of New Jersey have exhibited connection speeds of up to 1.8 gbps. McAdam further hinted that the range of the 5G coverage it is testing could reach up to a kilometer in distance. Moreover, the Verizon CEO stated that by launching a fixed roll out of its 5G service, it could prove lucrative enough to allow the biggest wireless carrier in the United States to achieve a complete return on its investment, irrespective of a mobile 5G network deployment.
During a keynote appearance at this year’s annual J.P. Morgan conference, McAdam emphasized the difference between 5G delivered through a fixed wireless environment and that delivered through via a mobile environment. With regards to those who hold the opinion that 5G on mobile is still a few years away (most likely by the end of this decade), McAdam does not disagree. He instead shifted the focus on the potential of fixed 5G deployments, pointing out that these services will generate enough profits to be worth pursuing by Verizon Wireless, even if eventually, the Big Red is heading to 5G on mobile anyway. In the here and now, fixed wireless is the key for Verizon’s 5G ambitions, and it should be rewarding enough to do in the meantime.
In the wireless industry, it is no secret that the business of connecting mobile users and enterprises to a fiber network is hardly a cheap endeavor. But one can minimize costs by setting up a fiber connection with a thousand meter radius of a building, and then establishing a wireless connection between that building and the fiber network by way of a 5G router fitted on the outside of the building.
McAdam also made clear that Verizon Wireless currently has no plans of limiting its fixed 5G roll outs only to areas where the wireless carrier’s fiber FiOS service is made available. He explained that the Big Red has the resources to run fiber from its cellular towers in order to provide fixed 5G connections, even in rural regions.
With regards to the wireless industry’s inevitable transition to 5G technology, McAdam has vowed that as the industry leader, Verizon Wireless will be one of those leading the way. He even added that in moving to technologies beyond 5G, the Big Red will be pushing the envelope, too.
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