Verizon to launch 5G residential broadband services in up to 5 markets in 2018
Verizon Communications announced it will launch wireless residential broadband services in three to five U.S. markets in 2018. Verizon's first commercial launch is planned to be in Sacramento, Calif., in the second half of 2018. Details of that launch, and the announcement of additional markets, will be provided at a later date. Verizon has successfully trialed 5G residential applications in 11 markets in 2017. The commercial launch is based on customer experience and on Verizon's confidence in new technology powered by millimeter-wave spectrum. Verizon estimates the market opportunity for initial 5G residential broadband services to be approximately 30M households nationwide. The 5G commercial launch will not have a material impact on Verizon's consolidated capital expenditures in 2018. The company expects its full-year 2018 capital spending program to be consistent with the past several years.