Verizon spokesman John O'Malley said typical 5G network speeds average 300 megabits per second, which Verizon's website says is fast enough to download an iTunes update in 7 seconds, whereas 4G LTE speeds range between 5 to 12 megabits per second.
Current Verizon customers will have to pay $50 a month while it will cost non-customers $70 a month. This launch is still a big deal, though, because we're finally starting to see 5G service become available to consumers. Taxes, fees, installation and equipment costs are included in that price, and customers can cancel service at any time.
5G promises peak speeds of 1 Gbps.
"Verizon 5G Home customers should expect typical network speeds around 300 Mbps and, depending on location, peak speeds of almost 1 Gig, with no data caps", Verizon said in a statement. Additionally, Verizon will not be putting any data cap on the plan. You will also have access to a dedicated 5G service team should you need support. Verizon will provide the service free to early adapters for three months.
5G Home customers will also get YouTube TV free for three months, and a free Apple TV 4K or Google Chromecast Ultra device. In its 5G Home announcement Verizon said it expects to be the first carrier to offer 5G mobile service, though its rivals may have something to say about that.
Yesterday Verizon announced that they will be expanding their 5G labs to Los Angeles, Washington DC, Palo Alto, California, and Waltham, Massachusetts.