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Verizon Unlimited Data Summary

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Title: Don’t Listen to the Conventional Wisdom on Verizon’s Unlimited Data Alternative Title: Unlimited data is a sign of things to come in telecom – unlimited bandwidth, high-fidelity content and the internet of things Summary: • Verizon announced today that it will once again offer unlimited data plans • This change is a sign of future trends in telecom – the adoption of high-bandwidth 5G technology and the Internet of Things • The market is punishing Verizon’s stock for this move, but it’s a positive sign of the health for the company’s network and realization of long-term industry trends Article: Earlier today, Verizon (NYSE: VZ) announced it plans to offer users an unlimited data plan for $80 a month for the first user, with additional …show more content…

Verizon is one of the first telecoms to be testing 5G technology, a network protocol that allows for massive improvements in bandwidth and speed. https://www.cnet.com/news/verizon-to-hold-worlds-first-crazy-fast-5g-wireless-field-tests-next-year/) According to Samsung, 5G technology is expected to be roughly 30 times faster than 4G technology (http://www.trustedreviews.com/news/samsung-s-5g-tests-clock-in-30-times-faster-than-4g). Why Does 5G Matter? This massive speed improvement is important for a few reasons. First of all, customers continue to demand larger data allowances to stream higher-fidelity content, a trend Verizon is finally acknowledging with this move. Second, the massive speed increase is possible due to a significant increase in bandwidth. What does that matter? While using 4G technology, offering unlimited data to customers strains a network and increases costs. However, as 5G network technology proliferates, offering unlimited data to customers is unlikely to put significant strain on networks, and will have little impact on the company’s bottom line simply because the technology is so

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