With more 5G devices being released, carriers are feeling the pressure on providing connectivity to more of their users. As we all know, Verizon Wireless has been hard at work on this and have reached about 4 percent of all customers with their mmWave 5G service.
During a recent quarterly call, Verizon’s CEO, Hans Vestberg, said that, “customers’ use of millimeter wave more than doubled compared to the second quarter of this year, and that in some areas with more established mmWave build-outs, Verizon is seeing more than 20% of network usage carried by mmWave.” He added that the carrier is on track for between 5-10% of all of its traffic to be carried by urban mmWave by the end of this year.
Amongst this growth, they’ve reported adding 699,000 retail postpaid net additions for the quarter, including 429,000 phone net adds — a 51.6% jump compared to the same quarter in 2020. They also gained 129,000 total broadband net additions, which includes both wireline and fixed wireless. “Our strategy remains unchanged. We’re delivering on everything we promised, and we’re gaining momentum on all of [our] five vectors of growth,” Vestberg said, adding, “We expect to have a strong finish of the year as we approach the launch of C-Band.”