According to a recent interview with CNBC’s David Faber, Verizon CEO, Hans Vestberg, believes that by next year, half of the US population will have access to 5G network. When asked if he believes the next generation of technology will cover 50% of the US population, he said, “I think this will happen next year.” He added that by 2024, half of the US population will have 5G mobile phones.
On Wednesday, Verizon announced the expansion of its 5G coverage, adding to cities such as Atlanta, Detroit, Indianapolis, and Washington. In addition to these cities, Verizon has previously launched 5G services in Chicago, Denver, Minneapolis, Providence, Rhode Island, and St. Paul, Minnesota. Verizon said that its 5G services will be launched in more than 30 cities later this year, including Dallas, Boston, San Diego, and Phoenix.
Hans Vestberg took over as Verizon CEO last year. He said that the company has been “continuously” improving and updating software for the past two months. “I think 4G will take longer to achieve these improvements. I see a good track of development,” he said.
However, the lack of infrastructure investment over the years has made the US 5G construction face serious practical problems. Some of the problems arising from poor prior 5G infrastructure investment include
- Policy regulations cannot catch up with actual needs
- Coordination between industry and government
- Coordination within the industry
- Long basis facilities construction period
- Unbearable urban facilities and roads with pits and holes