On Tuesday, Verizon Communications Inc (NYSE:VZ) announced that its engineers achieved 5.5 Gbps download speeds in mobile technology using carrier aggregation and Verizon's 5G virtualized technology.
The company said the download speed is equivalent to downloading 266 Taylor Swift albums a minute or streaming 3,056 Hulu episodes per hour.
Verizon, Samsung Electronics (OTC:SSNLF), and MediaTek demonstrated 5G speeds of 5.5 gigabits per second in a 5G lab environment.
Verizon scored another win on Tuesday. The U.S. Air Force (USAF) has selected Verizon Business to install 5G and 4G LTE network enhancements on 35 Air Force installations nationwide.
Verizon Business will deliver network enhancements such as C-Band carrier additions through the Air Force's Offer to Lease (OTL) program.
Verizon's network solutions will bring higher speeds, increased bandwidth, and lower latency for base personnel and the surrounding community.
Verizon and its peer internet service providers got a boost from the court's overruling of net neutrality that will help them explore tiered pricing models, prioritize traffic, and charge content providers for faster delivery.
Verizon stock has lost 4% in the last 12 months. In October, Keybanc's Brandon Nispel downgraded Verizon's rating after the company's lackluster quarterly results.
In December, Verizon and Nvidia Corp (NASDAQ:NVDA) launched an AI-powered private 5G solution that supports AI, AR/VR, robotics, IoT, and streaming services.
Price action: VZ stock is down 0.60% at $38.69 at the last check on Wednesday.
