CEO McAdam in 2016 carefully said the decision hadn't been made. In fall 2017, he told Wall Street Verizon hasn't budgeted any increased spending for 5G even in 2019. He has good reason to be coy. Verizon and the Euro CEOs constantly use the (often claimed) high spending needed for 5G as a reason for regulators to be weak and governments provide subsidies. NTT DOCOMO CTO Seizo Inoe and many others planning the networks see little if any capex increase.

So I was surprised when I discovered Verizon VP Charla Rath in spring 2016 wrote, "Just as Verizon invested billions to be the first mobile carrier to deploy our world leading  4G LTE network, we plan to do the same for 5G. Sanyogita Shamsunder, Verizon’s Director of Wireless and Technology Strategy, outlined this commitment during the opening panel."

Rath also wrote, "We have already begun field testing 5G, and will launch some level of commercial deployment in 2017." That looks unlikely as I write in November 2017 but they are close.

I probably was the first to say "Verizon is actively building the mmWave network." I inferred from their announced fiber plans that the decision has already been made. There's loads of evidence for that, but what convinced me was Verizon announced a $5-10B fiber build across the country. It would be stupid to spend so much unless they were deploying hundreds of thousands of 5G small cells. The people running Verizon are not stupid. 

Verizon has already deployed hundreds of 5G cells, per the CEO. Unlike most incumbent telcos, they do not cover most of the U.S. In ~70% of the U.S., they see the opportunity to win customers away from the local telco and cableco.

AT&T also intends to go fast on deploying 5G fixed. They see a land grab coming: If Verizon or AT&T builds first, they are likely to win so many customers the other will probably not be able to get to breakeven. 

Surprisingly, AT&T is looking at rural sites. Most assume the short reach of mmWave will limit it to dense areas. But the 8% of the U.S. that can't get cable modems are a very promising target. T would be bringing in 500-1000 meg of 5G fixed to compete against local telcos rarely offering more than 25 meg. In many cases, 3 meg DSL or satellite is the best available.

mmWave actually covers a large area when you have line of sight. (Think tower in the midwest Plains.) Ted Rappaport, The Father of 5G mmWave, demonstrated he could detect a 73 GHz signal 11 kilometers away from their transmitter, a carefully aligned antenna 110 meters above average terrain. 

dave ask

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The 3.3-4.2 spectrum should be shared, not exclusively used by one company, concludes an important U.S. Defense Innovation Board report. If more wireless broadband is important, sharing is of course right because shared networks can yield far more

It does work! Verizon's mmWave tests over a gigabit in the real world. 
The $669 OnePlus 7 Pro outclasses the best Apples and probably the new Galaxy 10 or Huawei P30 Pro. Optical zoom, three cameras, liquid cooling, Qualcomm 855 and more.
Korea at 400,000 5G May 15. Chinese "pre-commercial" signing customers, 60,000-120,000 base stations in 2019, million+ remarkable soon. 
5G phones Huawei Mate 20, Samsung Galaxy 10, ZTE Nubia, LG V50, and OPPO are all on sale at China Unicom. All cost US$1,000 to 1,500 before subsidy. Xiaomi promises US$600.
Natural monopoly? Vodafone & Telecom Italia to share 5G, invite all other companies to join.
Huawei predicts 5G phones for US$200 in 2021, $300 even earlier
NY Times says "5G is dangerous" is a Russian plot. Really.
Althiostar raised US$114 million for a virtual RAN system in the cloud. Rakuten, Japan's new #4, is using it and invested.
Ireland is proposing a US$3 billion subsidy for rural fibre that will be much too expensive. Politics.
Telefonica Brazil has 9M FTTH homes passed and will add 6M more within two years. Adjusted for population, that's more than the U.S. The CEO publicly urged other carriers to raise prices together.
CableLabs and Cisco have developed Low Latency XHaul (LLX) with 5-15 ms latency for 5G backhaul,  U.S. cable is soon to come in very strong in wireless. Details 
Korea Telecom won 100,000 5G customers in the first month. SK & LG added 150,000 more. KT has 37,500 cells. planning 90% of the country by yearend. 
The Chinese giants expect 60,000 to 90,000 5G cells by the end of 2019.
China Telecom's Yang Xin warns, "Real large-scale deployment of operators' edge computing may be after 2021." Customers are hard to find.
Reliance Jio registered 97.5% 4G availability across India in Open Signal testing. Best in world.

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Welcome On Oct 1, 2019 Verizon turned on the first $20B 5G mmWave network with extraordinary hopes. The actual early results have been dismal. Good engineers tell me that will change. Meanwhile, the hype is unreal. Time for reporting closer to the truth.

The estimates you hear about 5G costs are wildly exaggerated. Verizon is building the most advanced wireless network while reducing capex. Deutsche Telekom and Orange/France Telecom also confirm they won't raise capex.

Massive MIMO in either 4G or "5G" can increase capacity 3X to 7X, including putting 2.3 GHz to 4.2 GHz to use. Carrier Aggregation, 256 QAM, and other tools double and triple that. Verizon sees cost/bit dropping 40% per year.

Cisco & others see traffic growth slowing to 30%/year or less.  I infer overcapacity almost everywhere.  

Believe it or not, 80% of 5G (mid-band) for several years will be slower than good 4G, which is more developed.