NEW YORK, July 14, 2016 /PRNewswire/ -- "The FCC's decision today to make thousands of megahertz of high frequency spectrum available will be a critical building block in our country's 5G future. The decision to make this spectrum available for commercial use right now will help ensure that the U.S. maintains its leadership position in wireless communications.

5G has the potential to completely transform the connectivity marketplace. 5G will be exponentially faster and better than current wireless broadband.  It will lead to more consumer choice for home broadband and connect many more devices to accommodate the explosion of the Internet of Everything.  Verizon is looking forward to continuing to lead the way to this future by deploying commercial 5G service next year and unleashing the benefits of this high frequency spectrum."

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated nearly $132 billion in 2015 revenues. Verizon operates America's most reliable wireless network, with 112.6 million retail connections nationwide. The company also provides communications and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide.

VERIZON'S ONLINE NEWS CENTER: News releases, feature stories, executive biographies and media contacts are available at Verizon's online News Center at www.verizon.com/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Rich Young
202-515-2514
richard.j.young@verizon.com

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SOURCE Verizon