Verizon CEO: 5G Will Transform the Enterprise

Jan 22

There will be real-time enterprise solutions based on 5G, says Verizon CEO Hans Vestberg. He predicts that this is a way to transform an enterprise. Vestberg also says that 5G will continue to aggressively roll out this year and that there will be a Motorola and Samsung 5G phone possibly released within the next six months.

Hans Vestberg, CEO of Verizon, discussed on Fox Business at Davos 2019 the advent of 5G and how it will spark massive innovation and technological change:

5G Will Transform the Enterprise

With business, we are already global as well as with our media strategy with our Yahoo brands, etc. With the consumer, we are only in the US and that is where we are focusing right now. With the 5G coming up that’s, of course, opening up new markets for us that we hadn’t had before. When it comes to wireless consumption for consumers there’s not so much more growth to do. What we see with 5G are so many other use cases. Consumers get the best service now and with 5G they will get even better service than they have today.

We also have 5G Home which is a market that we don’t address today. Then, of course, there will be real-time enterprise solutions based on 5G. This is a way to transform an enterprise. It can be the production floor or a business campus that you transform with 5G. We see other use cases beyond consumers when we go to 5G. We will always take care of our consumers. We are the best network and we have the best performance and that will continue as well.

5G Phones Coming Very Soon

5G phones are coming soon. I have already announced that we will have two 5G phones coming out this year, preferably in the first half of the year. They will be from Motorola and Samsung. What it’s going to mean for consumers is when we have the 5G Ultra Wideband you are going to have 10X throughput and speeds.

I’m sure you are wondering about new use cases with 5G. Remember when 4G came, we didn’t know. I can tell you that when there are so many people on 5G phones people are going to innovate new services with the speed, the throughput, and the low latency. Our plan is to work with the different developers using our platform or our network service in order to get the innovation on top of it. That’s going to create a lot of new services.

5G Home Launching in More Markets

The home service has been predominantly a cable or fiber service. Nowadays, we can see that you can also do that with wireless. You can get it quicker and we also see an increase in cord cutting. We want to give optionality to our customers. If they want a wireless offering they should be able to have that as well.

We see that as a good opportunity. We already launched 5G Home last year in four markets and this year we want to launch in more markets.

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