Verizon is launching a 5G home internet service on October 1

Verizon is probably taking a hit on the cost of service in order to get 5G service into as many homes as possible. Those who thought this was nothing more but marketing mumbo-jumbo will have to rethink that because the United States carrier has just announced its 5G Home internet service that will go live on the first day of October.

Dubbed Verizon 5G Home, the service launches on October 1 for select residents in Houston, Los Angeles, Indianapolis and Sacramento.

While 5G standards are in the final stages of completion, Verizon says it didn't want to wait until they were done to start planning its 5G home service. Interested parties can sign up at the 5G Home website to get alerts when the service is scheduled to arrive in their area.

"Verizon 5G Home customers should expect typical network speeds around 300 Mbps and, depending on location, peak speeds of almost 1 Gig, with no data caps", Verizon said in a statement. Existing Verizon wireless customers can expect to pay $50 a month for the service; others will pay $70.

5G promises peak speeds of 1 Gbps. "This monthly charge includes all taxes and fees, and does not require an annual contract". In addition, Verizon will install the necessary hardware for free.

If you sign-up, not only do you get the first three months free, but you get free YouTube TV for three months too and a free Apple TV 4K or Google Chromecast Ultra.

To compare, the average home internet speeds in the USA as of May measured in at 92.93 Mbps, according to PCMag.

Launching a 5G broadband service has been part of Verizon's 5G roll-out for a while, as the carrier gears up toward launching its 5G mobile network next year.

AT&T is also planning to launch a 5G home Internet service and has already begun trials. T-Mobile US and Sprint, which are trying to merge, also say they'll offer home broadband service.

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