Verizon CEO: US 5G transition happening at high speed
5G will have 2.6 billion subscribers 'covering up to 65 percent of the world’s population' by 2025, according to an industry analysis
Verizon CEO Hans Vestberg discusses the future of 5G and the threat posed by Chinese intellectual property theft.
The U.S. transition to 5G is happening at a faster rate than 3G and 4G, according to Verizon CEO Hans Vestberg.
The technology will give users the potential to download the full "Game of Thrones" series in seconds, he told FOX Business’ Maria Bartiromo on Wednesday.
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An industry analysis from Ericsson Mobility Report expects 5G to have 2.6 billion subscribers "covering up to 65 percent of the world’s population" by 2025.
“Today, you can’t do that because it requires so much processing,” Vestberg said. “So that means mix realities [augmented reality, virtual reality] when you're shopping or when you do something at work.”
Verizon and Amazon Web Services (AWS) announced Wednesday a partnership to make cloud computing service Wavelength available across the U.S. at the edge of Verizon's 5G Ultra Wideband network. They are piloting the technology on Verizon's edge compute platform, in Chicago, for select customers, including video game publisher Bethesda Softworks and the NFL.
A 5G network is displayed during the Mobile World Congress wireless show, in Barcelona, Spain. (AP Photo/Manu Fernandez, File)
However, the next generation of wireless technology also comes with challenges, including capacity issues. FCC Chairman Ajit Pai is pushing for a public auction of wireless frequencies in the C-band spectrum, but Vestberg isn’t concerned.
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“We have all the assets for launching to 5G,” he said.
Verizon’s 5G service is available in 18 cities and will be available in 30 cities by the end of the year, he said.