Verizon's 5G mobile service is available only a handful of cities, but the carrier charges premium rates to the few people who live within reach of the network.
Yesterday, Verizon released its first 5G hotspot, Inseego MiFi M1
Verizon said hotspot-only plans "start at $ 85 a month (plus fees and fees)." Verizon describes the hotspot plan for $ 85 per month as "unlimited" when you go through the box. But the fine print says customers get 50 GB of high speed 5G data, and 5G speeds are reduced to 3 Mbps after that. The plan processes 5G and 4G data separately; It provides 15 GB of high speed 4G data and lowers users down to 600 kbps after that. Verizon allows 4K video streaming at 5G while limiting the video on the 4G network to 720p.
The carrier noted that the $ 85 monthly price is "just a $ 10 increase over 4G LTE service." But the $ 650 5G unit price is three to four times higher than the Verizon Jetpack hotspots, and the additional $ 10 per month provides access to a 5G network found only in five cities: Chicago; Denver; Minneapolis; Providence, Rhode Island; and St. Paul, Minnesota. Verizon says it will have 5G service in 30 cities by the end of this year.
Early reviews of Verizon's 5G service found spotty coverage, so even in the five cities, your 5G hotspot can often fall to 4G. Verizon has said its 5G users "should expect typical download speeds of 450 Mbps, with peak speeds in excess of 1.5 Gbps and latency of less than 30 milliseconds."
$ 30 Customers Adding a Line
No 5G Hotspot Purchase Contract Options include paying $ 650 in advance or $ 27.08 a month over 24 months. The unit is set at $ 499.99 if you also sign a two-year contract. There is a $ 40 activation fee, which is discounted to $ 20 if you purchase through VZW.com or the My Verizon app.
There are also hotspot service plans for people who already have Verizon smartphone service. "Verizon consumer customers with an active unlimited smartphone plan can add a 5G MiFi M1000 to their account and get 50GB of 5G Ultra Wideband data and 15GB of 4G LTE data for $ 30 a month (plus fees and fees), an increase of just $ 10 over 4G LTE service levels, "explains Verizon.
Besides the hotspot, Verizon also sells 5G-enabled phones from LG, Samsung and Motorola.
Verizon's first staff at 5G a few months ago also involved a $ 10 prize over 4G plans. Verizon temporarily dropped the extra charge after complaining about his scant 5G coverage, but it wasn't long ago Verizon encountered the $ 10 charge model.