Verizon will be spending nearly $10 billion towards its Capex plan targeting LTE, 5G and broadband in the second half of 2018. The total Capex of Verizon during the current year will be between $17-17.8 billion.
Houston is the third city Verizon identified as part of its four market 5G deployment plan, which will deliver residential 5G broadband service.
Verizon previously announced Sacramento and Los Angeles.
Houston Mayor Sylvester Turner will host a news conference with Verizon CEO Lowell McAdam, CTO and incoming CEO Hans Vestberg and City of Houston CIO Lisa Kent to educate residents and businesses on what this 5G deployment means for the city.
“We’re delighted to be one of the first cities to bring 5G to our local communities and look forward to continuing our long-standing relationship with Verizon,” Mayor Turner said in a statement.
“With 5G we are ushering in a fourth industrial revolution that will help reshape cities and lead to unprecedented innovation, and Houston will be at the forefront of that innovation,” said Verizon’s Vestberg.
AT&T earlier announced the expansion of its mobile 5G coverage. The latest announcement from Verizon indicates that Verizon is not bringing its mobile 5G this year.