20 December 2019 02:45
Verizon Communications Inc. VZ joined forces with The Walt Disney Studios StudioLAB and ILMxLAB in order to explore how 5G can transform live entertainment experiences. The Walt Disney Studios is one of the four business segments of The Walt Disney Company DIS. ILMxLAB is Lucasfilm's entertainment studio, leading an era of storytelling through virtual and mixed reality sensations. In January 2019, Verizon announced collaboration with StudioLAB to help develop new business models and solutions to advance production and storytelling through 5G. In a concerted effort, the companies captured moments built on 5G for the broadcast production at the recently held world premiere of Star Wars: The Rise of Skywalker.
Notably, Verizon's 5G Ultra Wideband was used in two occasions during the premiere. Disney Studios production cameras were linked to Inseego MiFi M1000 devices that connected to Verizon's 5G network. Reportedly, the company's 5G network is built to support transformative breakthroughs. Its relationship with Disney extends beyond 5G to offer customers the best streaming through Disney+. On Dec 17, Verizon announced that its 5G Ultra Wideband network service has gone live in 19 U.S. cities, including Los Angeles.
With Internet speed of up to 940 Mbps, Verizon 5G provides super-fast Wi-Fi with unprecedented bandwidth for seamless 4K video streaming, interactive gaming, real-time connectivity, flash loading and uninterrupted video chatting with reduced lag time. A few days ago, Verizon said that it has collaborated with Amazon Web Services to deploy low latency applications in mobile devices using 5G and became the first telecom carrier in the world to offer such service. Per the deal, business enterprises will be able to download latency-sensitive data from the cloud at a much faster speed than a typical 4G network. Shares of Verizon have added 8.3% compared with the industry's growth of 18.1% year to date. Verizon is looking forward to capitalize on the countless innovative technology solutions being developed in the IoT and telematics ecosystem across multiple industries.
The company's focus on online content delivery, mobile video and advertising is likely to drive growth. The Zacks Consensus Estimate for its current-year earnings has been revised 0.4% upward over the past 60 days. The company topped earnings estimates in each of the trailing four quarters, delivering a beat of 2.2%, on average. Verizon currently has a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the broader industry are Qualcomm Inc. QCOM and Ubiquiti Inc. UI, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Qualcomm has long-term earnings growth expectation of 14%. Ubiquiti has long-term earnings growth expectation of 9.4%. Biggest Tech Breakthrough in a Generation Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it's expected to create 22 million jobs and generate $12.3 trillion in activity. A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks' just-released special report reveals 8 stocks to watch. The report is only available for a limited time. See 8 breakthrough stocks now>> The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. As expected, today Verizon launched 5G in another city after flipping the switch in three others so far this week. Verizon's 22nd 5G city is Memphis, TN. There's no coverage map available quite yet, but we do have a list of places around Memphis where you'll be able to find Verizon's 5G coverage: Parts of Downtown, Midtown, Cooper-Young, and East Memphis near landmarks like National Civil Rights Museum, Overton Square, Medical District, Liberty Bowl, Eastgate Shopping Center, and Oak Court Mall The complete list of current Verizon 5G cities includes Memphis, Hoboken, Des Moines, Los Angeles, Boston, Houston, Sioux Falls, Dallas, Omaha, Chicago, Minneapolis, Denver, Providence, St. Paul, Atlanta, Detroit, Indianapolis, Washington D.C., Phoenix, Boise, Panama City, and New York City. Verizon plans to bring 5G to more than 30 cities by the end of 2019. Other cities slated to get Verizon 5G coverage include Charlotte, Cleveland, Columbus, Little Rock, and Salt Late City. click to enlarge Verizon Verizon has launched its 5G Ultra Wideband network in Memphis, the company announced Thursday. The 5G network, 20 times faster than the current 4G network, is now available on certain devices in parts of Downtown, Midtown, Cooper-Young, and East Memphis near landmarks including the National Civil Rights Museum, Overton Square, the Medical District, the Liberty Bowl, Eastgate Shopping Center, and Oak Court Mall. Memphis is the 22nd city in the country to get Verizon's 5G network, which provides "near real-time mobile experiences with super-fast speeds." The network allows users to video chat with almost no lag, download large files quickly, and stream with virtually no lag, according to Verizon. The network also creates the capacity to support more devices in one place at the same time. Verizon said the network has the potential to affect "artificial intelligence, education, healthcare, robotics, virtual reality, augmented reality, autonomous vehicles, wearables, and the Internet of Things (IoT)." Memphis Mayor Jim Strickland said the addition of the 5G network will help the city recruit and retain companies. "We're experiencing economic growth like we haven't seen in decades," Strickland said. "Verizon's new 5G network in Memphis adds another strong tool to recruit and retain companies. It will help us attract entrepreneurs who will use this technology to invent the next big thing we all can't live without. It shows the world our momentum, and that Memphis is open for business." To understand the 5G spectrum is to understand how 5G works. Verizon's 5G Ultra Wideband technology is ushering in a new era of cellular technology that incorporates the electromagnetic spectrum, radio waves and more. Read on to learn about the 5G spectrum and its corresponding bands. The electromagnetic spectrum The electromagnetic spectrum includes everything from infrared rays to radio waves, X-Rays, visible light, microwaves and more. Cellular technology operates upon the radio spectrum (not visible), which includes frequencies of 3 kilohertz (kHz) to 300 gigahertz (GHz). 5G bands in the electromagnetic spectrum The 5G spectrum includes all type of spectrum including low band and mid band spectrum of the 1G through 4G LTE frequencies as well as the new high-band spectrum, also known as millimeter wavelength (mmWave). Verizon's 5G spectrum includes 28 and 39 GHz mmWave bands. The 5G spectrum will span the widest across the radio spectrum than any previous generation of cellular technology. Currently deployed 5G network, i.e. Verizon 5G Ultra Wideband (UWB), operates on a higher mmWave frequency with a wider spectrum bandwidth —than previous cellular technologies. 1G, the first cellular network, operated at 850 MHz to 1900 MHz. Meanwhile, 2G and 3G added frequencies to their technology of 2100 MHz, and 4G added 600 MHz, 700MHz, 1.7/2.1 GHz, 2.3 GHz and 2.5 GHz. The wider the spectrum, the more data that is able to transfer among those waves. Additionally, the later the generation of cellular technology, the wider the spectrum for transferring data. The addition of these frequencies to the network technology will benefit consumers as well as businesses thanks to the wider bandwidth. An increase in bandwidth—literally, how wide the spectrum of radio waves is—will allow for more devices to join the network as well as decrease the lag time between data sending and receiving. This means more devices can join the network and operate at a faster rate. Learn more about the 5G spectrum as well as all the capabilities of 5G.