Verizon is starting to roll out its 5G wireless network for smartphones

On Wednesday, Verizon announced it has turned on its 5G wireless network in two markets, including Chicago and Minneapolis, which will work with the next generation of connected gadgets. Verizon CEO Hans Vestberg told CNBC that the company will activate 30 extra markets this year.

Vestberg added that Verizon does not see any impact on income from people upgrading to new 5G phones until around 2021.

This network Complement Verin's existing "5G Home" service launched in October in selected areas and is a wireless alternative to a traditional wired internet connection, but doesn't work far beyond the walls of your home.

Verizon said the wireless network will Give customers access to top speeds of up to 1[ads1] Gbps, which is about 10 times faster than you traditionally find on the LTE connection you have now. Clearly: You should be able to download movies in seconds instead of minutes.

Only one The range of phones will support the network first, Samsung will launch a Galaxy S10 5G model later in the quarter that will be exclusive to Verizon to launch. AT&T, T-Mobile and Sprint will start selling it in the second half of the year. Right, it leaves the Motorola Z3 as the only phone that supports Verin's new 5G network right now, and it requires a separate accessory to work with it.

The Motorola Z3 costs $ 240 and requires $ 200 moto to work on the network

T-Mobile and Sprint are planning to roll out 5G later this year, but none of the companies, still in the midst of a merger, have activated 5G yet.

AT & Ts 5G + network, the brand uses for 5G coverage, is available in 12 markets. The company says it will increase that coverage throughout the year. AT&T has marketed its new network by turning on a new indicator of phones that say "5GE", but this does not add the 5G service to the devices, which still operate at 4G speeds.

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