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

Verizon's 5G Home internet and TV service launches October 1st

Verizon is offering some additional perks to initial 5G Home customers if that $50 to $70 monthly price tag is giving you pause.

Verizon is launching its new 5G service as a home broadband alternative starting on October 1st. "We developed early standards that allowed the industry and hardware and software manufacturers to build solutions more quickly". Verizon and others have been laying the foundation of 5G networks for some time.

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. Verizon's also including a free Apple TV 4K or Google Chromecast Ultra for 5G Home customers. Additionally, Verizon will not be putting any data cap on the plan.

"Verizon 5G Home is ideal for consumers looking to "cut the cord" or upgrade from their current cable service", the company said.

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Now before you start jumping up and down in excitement and start hunting for 5G smartphones, we should caution that this is nota mobile 5G service.

The labs will launch by the end of 2018, and will be kitted out with live 5G networks to help startups, universities, and tech companies to collaborate with Verizon. Instead of exclusively relying on an underground fiber optic cable, Verizon's technology simply involves installing a router built with fixed antennas to deliver the broadband wirelessly.

Verizon spokesman John O'Malley said typical 5G network speeds average 300 megabits per second, which Verizon's website says is fast enough to download an iTunes update in 7 seconds, whereas 4G LTE speeds range between 5 to 12 megabits per second.

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