Verizon 5G Ultra Wideband milestone entertainment arrives: Verizon Communications Inc. VZ join forces with The Walt Disney Studios StudioLAB and ILMxLAB to explore how 5G can transform live entertainment experiences. The Walt Disney Studios is one of the four business segments of The Walt Disney Company DIS. ILMxLAB is Lucasfilm's entertainment studio, leading an age of storytelling through mixed and virtual reality sensations.

In January 2019, Verizon announced a partnership with StudioLAB to help develop new business models and solutions to advance production and storytelling through 5G. In a concerted effort, the companies captured 5G-built moments for streaming production at the world premiere of Star Wars: The Rise of Skywalker.

Notably, Verizon's 5G Ultra Wideband was used twice during the premiere. Disney Studios production cameras were linked to Inseego MiFi M1000 devices that were connected to Verizon's 5G network. It is reported that the company's 5G network is built to support transformative breakthroughs. Its relationship with Disney extends beyond 5G to provide customers with the best streaming service through Disney +.

Verizon 5G Ultra Wideband milestone entertainment arrives

On December 17, Verizon announced that its 5G Ultra Wideband network service was launched in 19 US cities. USA, including Los Angeles. The company introduced the network in areas such as Downtown, Chinatown, Del Rey and Venice in Los Angeles. The service has high performance, low latency and improved network coverage. The telecommunications and media giant plans to roll out services in more than 30 cities by the end of 2019.

The 5G Ultra Wideband network depends on three drivers that are essential to deliver the full potential of next-generation wireless technology. These include a large amount of spectrum, particularly in the millimeter wave bands for faster data transfer, end-to-end deep fiber resources, and the ability to deploy large numbers of small cells. .

With an internet speed of up to 940 Mbps, Verizon 5G provides super-fast Wi-Fi with unprecedented bandwidth for seamless 4K video streaming, interactive gaming, real-time connectivity, flash and video loading. uninterrupted chat with reduced delay times.

A few days ago, Verizon said it had collaborated with Amazon Web Services to implement low-latency applications on 5G-enabled mobile devices and became the first telecommunications operator in the world to offer this service. According to the agreement, commercial companies will be able to download latency-sensitive data from the cloud at a much faster rate than a typical 4G network.

Verizon shares have added 8.3% compared to the industry growth of 18.1% so far.

Verizon hopes to capitalize on the myriad of innovative technology solutions that are developed in the IoT and telematics ecosystem across multiple industries. It is likely that the company's focus on online content, mobile video and advertising delivery is driving growth.

Zacks Consensus Estimate for current year earnings has been revised 0.4% up over the last 60 days. The company beat earnings estimates in each of the final four quarters, delivering an average of 2.2%.

Verizon currently has a Zacks Rank # 3 (Hold).

A couple of top rated stocks in the industry as a whole are Qualcomm Inc. QCOM and Ubiquiti Inc. UI, each with a Zacks Rank # 1 (Strong Buy). You can see the full list of stocks in the Zacks rankings n. ° 1 here.

Qualcomm expects long-term earnings growth of 14%.

Ubiquiti has long-term earnings growth expectation of 9.4%.

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