Although its prepping to deploy commercial 5G services in three named markets, Verizon capital expenditures will likely come in toward the low end of guidance as the carrier efficiently invests in both LTE and 5G infrastructure, executives said on a Q2 earnings call today.
On the 5G side, Verizon plans to launch a residential broadband service using millimeter wave spectrum in three to five markets by the end of this year. So far the carrier has identified Sacramento and Los Angeles, Calif., and Houston, Texas, as launch markets for the service, which will be based on the carriers Verizon Technical Forum proprietary standard and then upgraded to 3GPP’s non-standalone 5G New Radio (NR) specification.
