Arthur J. Villasanta – Fourth Estate Contributor
New York City, NY, United States (4E) – Hans Vestberg, Verizon’s newly appointed CEO, will push hard to quickly roll-out the company’s 5G offerings after he formally takes over the post on August 1.
”We are experiencing unprecedented changes in the way users interact in the digital world, and we are racing ahead to remain at the forefront of technology, connectivity and mobility,” Vestberg said.
As CTO, Vestberg was the architect of Verizon’s 4G LTE rollout and is leading plans to build the company’s 5G wireless broadband network that will cover the United States. He joined Verizon in April 2017 as Executive Vice President of the new Network and Technology team. Prior to Verizon, Vestberg was CEO of Ericsson from 2010 to 2016.
Market analysts said the decision to appoint Vestberg as CEO suggests Verizon intends to focus on its wireless technology rather than films and television like rival AT&T.
Under current CEO Lowell McAdam, Verizon aggressively pushed its 4G LTE technology and FiOS broadband network. It also closed the largest technology deal of all time in 2014, buying Vodafone’s 45% stake in Verizon Wireless for $130 billion.
Verizon has also been touting its upcoming 5G network, which promises to bring faster data speeds to businesses and consumers. Key features of 5G include high throughput, low latency, high mobility and high connection density.
5G will use additional spectrum in the existing LTE frequency range (600 MHz to 6 GHz) and new millimeter wave bands (24-86 GHz), which can support data rates of up to 20 gigabits per second (Gbit/s). 5G infrastructure will use Massive MIMO (Multiple Input Multiple Output) to significantly increase network capacity.
The four major U.S. carriers have all announced deployments: Verizon’s 5G fixed wireless will launch in four U.S. cities; AT&T will begin its millimeter wave commercial deployments this year; Sprint will launch in the 2.5 GHz band while T-Mobile’s 600 MHz 5G launch will take place in 30 cities.
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