Verizon is all set to offer 5G service for mobile phones. On Wednesday, the company announced the details of the launch.
Verizon said that Chicago and Minneapolis would be the first cities to get its next-generation wireless technology for mobile phones starting April 11. The telecom giant’s existing customers with unlimited data plans can add the 5G service for $10 more a month. At launch, the only supported device would be the Motorola Z3 with the 5G Moto Mod. Later on in the year, Verizon expects to make 5G accessible to users of Samsung Galaxy S10 5G and LG’s V50 ThinQ as well.
Prices start at $85 a month for the base Go Unlimited plan. Verizon also mentioned, “5G data usage with the moto mod is unlimited with no data de-prioritization”.
Verizon could already be up against rival carriers in the 5G space. Last month, Sprint announced that it will launch its 5G service in May, with Atlanta, Chicago, Dallas and Kansas City to be the initial cities to have the service, followed by Houston, Los Angeles, New York, Phoenix and Washington. Sprint said that 5G phones from LG Corp. and Samsung Electronics Co. would be available for the launch. AT&T has a version of its 5G service accessible to hotspot devices in parts of 12 cities, and it hopes to cover seven more markets by mid-year. T-Mobile US Inc. is expected to launch its mobile 5G service in 30 U.S. cities this year.
On July 26, 2024, the Stochastic Oscillator for VZ moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 63 instances where the indicator left the oversold zone. In of the 63 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wired and wireless telecommunication services
Industry WirelessTelecommunications