Verizon To Benefit From 5G Data Transmission On Smartphone (revised)

Verizon Communications Inc. (NYSE:VZ) recently announced that it has successfully completed the world’s first 5G data transmission on a smartphone on a commercial 3GPP 5G New Radio network. The company had introduced the world’s first commercial 5G service in Sacramento, CA, in October. A full phased 5G wireless network is likely to be offered in 2020.

The latest move will help Verizon to widen its lead over rivals in the race to 5G service and allow it to be the first to offer a 5G upgradeable smartphone on its network in 2019. The company conducted this test in collaboration with Motorola, Qualcomm Technologies — a subsidiary of QUALCOMM Inc. (NASDAQ:QCOM) and Samsung Electronics (KS:005930) America, Inc.

Notably, the test was completed with a moto z3 paired with a 5G moto mod — the world’s first 5G-upgradeable smartphone — in Providence, RI. The moto z3 with 5G moto mod is powered by the Qualcomm Snapdragon X50 5G modem and QTM052 mmWave antenna modules. The transmissions were completed over Verizon’s 28 GHz spectrum and Samsung 5G New Radio solutions.

While Verizon intends to launch next-generation 5G wireless residential broadband services in three to five U.S. markets in 2018, it continues to deploy the latest 4G LTE Advanced technologies to deliver faster peak data speeds and capacity for customers.

Verizon is investing in networks, creating platforms to add value for customers and maintaining a focused, disciplined strategy. It expects to gain traction with the 5G boom. The company also anticipates healthy improvement in margins on the back of tax savings and continued strong FiOS network and strategic services.

Owing to operational efficiency, the stock has outperformed the industry with an average return of 10.1% compared with 1.7% growth recorded by the latter in the past three months.



Verizon currently has a Zacks Rank #3 (Hold). A better-ranked stock in the industry is United States Cellular Corporation (NYSE:USM) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

United States Cellular has a long-term earnings growth expectation of 1%. It beat earnings estimates in each of the trailing four quarters, the average positive surprise being 108.1%.

(NOTE: We are reissuing this article to correct a mistake, originally having referred to Motorola as Motorola Solutions [ (NYSE:MSI) ]. The original article, issued January 25, 2017, should no longer be relied upon.)

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