Verizon Communications Inc (NYSE:VZ) home 5G has widened its bandwidth to more US cities. Verizon home users in Tampa and parts of Milwaukee can now subscribe to the 5G broadband. This comes weeks after a similar 5G expansion by Verizon’s first respondent-focused network, FirstNet.
Why this is good news
5G is not just faster than the already fast 4G. It is so fast that there are still no devices on the market that can take advantage of its full capabilities.
Since Verizon home is targeted at multiple home devices and not just cell phones, 4G gets a bit slow when many people are online. This is not the case with 5G.
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Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
Verizon (NYSE:VZ) hasn t been an investor favorite for more than a decade despite being one of the more profitable companies on the market. Investors don t like the large capital investment wireless communications requires and simply don t see Verizon as a growth stock.
That narrative could be changing as 5G wireless rolls out. Verizon may not see a lot of growth in 5G smartphone connections, but the number of overall connections and the value of the services it offers to millions of customers could increase quickly in the next few years. And its very reasonable valuation makes this a stock worth keeping a close eye on.